Pilot Grove, Missouri Property Taxes
The median property tax rate in Pilot Grove, MO, is 1.16%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $44,600 in Pilot Grove, the typical annual property tax bill amounts to $420, which is significantly below the national median of $2,690. Property taxes in Pilot Grove are determined based on the tax assessed value, generally lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Pilot Grove'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 Pilot Grove or another part of the city, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Pilot Grove, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s PILOT GROVE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PILOT GROVE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PILOT GROVE to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pilot Grove, Missouri
Property taxes in Pilot Grove, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pilot Grove is 0.88%, which is lower than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Pilot Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pilot Grove 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 Pilot Grove's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65276 zip code in Pilot Grove has both the highest and lowest median property tax rate of 0.88%. Understanding how these rates compare with other regions 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 Pilot Grove Tax Rate
1.16%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pilot Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65276 | 0.98% | 1.05% | 1.16% | 1.28% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Pilot Grove, Missouri
In Pilot Grove, 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 Morgan County Assessor 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 Pilot Grove, 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 Pilot Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pilot Grove, the zip code 65276 has both the highest and lowest median tax bill, each at $420.
Average Pilot Grove Assessed Value
$44,600
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 Pilot Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65276 | $10,520 | $23,300 | $44,600 | $65,900 | $78,680 |
Source: Ownwell
Property Tax Bills Across Pilot Grove, Missouri
In Pilot Grove, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Pilot Grove is $44,600. Property taxes are then applied to this assessed value using the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Pilot Grove typically see tax bills ranging from $224 at the 25th percentile to $616 at the 75th percentile, with the 90th percentile reaching $734. This variation indicates how different property attributes and assessments can lead to significant differences in tax obligations. The highest and lowest median tax bills in the region are both $420, located in zip code 65276, reflecting a consistent tax rate application within that area. For homeowners, understanding these factors is crucial as they directly affect annual financial planning and the overall cost of homeownership, especially when compared to the national median property tax rate of 0.99%.
Average Pilot Grove Tax Bill
$420
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pilot Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65276 | $106 | $224 | $420 | $616 | $734 |
Source: Ownwell