Granby, Missouri Property Taxes
The median property tax rate in Granby, MO is 0.99%, aligning with the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Granby at $42,800, the typical annual property tax bill is $436, significantly less than the national median of $2,690. Property taxes in Granby 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 Granby'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 Granby or another part of Newton County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granby, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$424
Ownwell’s Granby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granby 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 Granby, Missouri
Property taxes in Granby, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granby is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Granby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granby 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 Granby's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64844 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Granby provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granby Tax Rate
0.99%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64844 | 0.93% | 0.97% | 0.99% | 1.03% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Granby, Missouri
In Granby, 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 Newton County 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 Granby, 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 Granby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Granby is $42,800, with annual tax bills ranging from $280 at the 25th percentile to $865 at the 90th percentile. The zip code with the highest and lowest median tax bill is 64844, both at $436.
Average Granby Assessed Value
$42,800
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64844 | $14,900 | $26,600 | $42,800 | $63,600 | $86,420 |
Source: Ownwell
Property Tax Bills Across Granby, Missouri
In Granby, located in Newton County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, if the median home price in Granby is $42,800, the assessed value is derived from this figure. The tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local taxing authorities. Homeowners in Granby can expect tax bills to vary significantly; for example, the 25th percentile tax bill is around $280, while the 75th percentile reaches $642, and the 90th percentile goes up to $865. The highest median tax bill in the area is $436, which is notably lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Granby Tax Bill
$436
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Granby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64844 | $147 | $280 | $436 | $642 | $865 |
Source: Ownwell