Grandview, Missouri Property Taxes
The median property tax rate in Grandview, MO is 0.89%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Grandview, the typical annual property tax bill is $243, significantly below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Grandview's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grandview or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grandview, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$196
Ownwell’s Grandview Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential property buyers looking to estimate their annual property taxes in Grandview. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Grandview to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by Morgan County, plays a crucial role in these calculations, accounting for any applicable exemptions.
Property Tax Rates Across Grandview, Missouri
Property taxes in Grandview, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 1.15%, which is higher than both the Missouri state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Grandview's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64030 zip code has the highest median property tax rate of 1.15%, while the same 64030 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
0.89%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64030 | 0.85% | 0.85% | 0.89% | 1.29% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Grandview, Missouri
In Grandview, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Grandview, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 64030, with a tax bill of $243.00, while the lowest median tax bill is also in zip code 64030, at $243.00.
Average Grandview Assessed Value
$22,050
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64030 | $3,580 | $5,200 | $22,050 | $45,425 | $122,420 |
Source: Ownwell
Property Tax Bills Across Grandview, Missouri
In Grandview, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Grandview stands at $22,050. Local tax authorities determine the assessed value and apply the local tax rate to this value to calculate the annual property tax bill. For homeowners in Grandview, tax bills can vary widely. The 25th percentile tax bill is $65, while the 75th percentile tax bill reaches $494, and the 90th percentile tax bill goes up to $1,096. The highest median tax bill recorded is $243 in the 64030 zip code. Compared to the national median property tax rate of 0.99%, Grandview's property taxes can present a significant financial consideration for homeowners. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these factors interplay helps homeowners better anticipate their annual financial obligations.
Average Grandview Tax Bill
$243
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64030 | $30 | $65 | $243 | $494 | $1,096 |
Source: Ownwell