Green Castle, Missouri Property Taxes
The median property tax rate in Green Castle, MO, is 0.99%, aligning with the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $30,115 in Green Castle, the typical annual property tax bill amounts to $301, significantly below the national median of $2,690. Property taxes in Green Castle are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Green Castle's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial yearly savings. Whether residing in Green Castle or elsewhere in Putnam County, understanding the local property tax framework is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Green Castle, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$298
Ownwell’s Green Castle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Castle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Castle 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 Green Castle, Missouri
Property taxes in Green Castle, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Castle is 0.99%, which aligns with both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Green Castle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Castle 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 Green Castle's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63544 zip code has both the highest and the lowest median property tax rate of 0.99%. Understanding how these cities compare with Green Castle provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Castle Tax Rate
0.99%
Average Putnam County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Castle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63544 | 0.78% | 0.79% | 0.99% | 1.13% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Green Castle, Missouri
In Green Castle, 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 Putnam 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 Green Castle, 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. The median home price in Green Castle is $30,115, with tax bills ranging from $126 at the 25th percentile to $1,164 at the 90th percentile. The highest and lowest median tax bills are both $301 in zip code 63544. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Green Castle Assessed Value
$30,115
Average Putnam County Assessed Value
$54,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Castle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63544 | $7,251 | $13,138 | $30,115 | $59,268 | $121,669 |
Source: Ownwell
Property Tax Bills Across Green Castle, Missouri
In Green Castle, 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 Green Castle is $30,115. The tax rate applied to this assessed value determines the final tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Green Castle typically see a wide range in their property tax bills. For instance, the 25th percentile tax bill is around $126, while the 75th percentile tax bill can reach up to $602. At the higher end, the 90th percentile tax bill is approximately $1,164. Despite these variations, the highest median tax bill across the county is $301.00, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Lower tax bills can be beneficial for homeowners but may also reflect lower funding for these community resources.
Average Green Castle Tax Bill
$301
Average Putnam County Tax Bill
$636
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Castle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63544 | $59 | $126 | $301 | $602 | $1,164 |
Source: Ownwell