Green Castle, Missouri Property Taxes
The median property tax rate in Green Castle, MO is 0.38%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Green Castle, the typical annual property tax bill reaches $175, significantly below the national median of $2,690. Property taxes in Green Castle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Green Castle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Green Castle 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
Green Castle, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$174
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 crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Castle is 0.38%, significantly lower than both the Missouri state median of 0.97% 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 highest median property tax rate in Missouri is 1.31%, while the lowest median tax rate is 0.35%. Understanding how these cities compare with Green Castle provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Castle Tax Rate
0.38%
Average Sullivan County Tax Rate
0.37%
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 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
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 Sullivan 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. Being aware of these valuation processes in Green Castle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $175, occurring in the 63544 zip code.
Average Green Castle Assessed Value
$45,790
Average Sullivan County Assessed Value
$82,754
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 | $5,510 | $19,646 | $45,790 | $83,410 | $162,735 |
Source: Ownwell
Property Tax Bills Across Green Castle, Missouri
In Green Castle, Sullivan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $45,790, the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location within specific zip codes, local tax rates, and any applicable exemptions can influence the final amount. Homeowners in Green Castle experience a range of tax bills. At the 25th percentile, the tax bill is $78, while at the 75th percentile, it rises to $315. The 90th percentile sees tax bills as high as $616. Interestingly, the median tax bill in the 63544 zip code stands at $175, which is significantly lower than the national median property tax rate of 0.99%. These variations can affect homeowners' financial planning and housing affordability, making it crucial to understand how local property tax assessments work.
Average Green Castle Tax Bill
$175
Average Sullivan County Tax Bill
$330
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 | $22 | $78 | $175 | $315 | $616 |
Source: Ownwell