Greenville, Missouri Property Taxes
The median property tax rate in Greenville, MO is 0.75%, 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 Greenville, the typical annual property tax bill amounts to $138, significantly below the national median of $2,690. Property taxes in Greenville are determined based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Greenville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Greenville or another part of Wayne County, gaining insight into the local property tax framework is beneficial.
Last Updated June 14, 2024
Greenville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$143
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, Missouri
Property taxes in Greenville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 0.75%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63944 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Greenville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenville Tax Rate
0.75%
Average Wayne County Tax Rate
0.77%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63944 | 0.70% | 0.75% | 0.75% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenville, Missouri. 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 Wayne 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 Greenville, 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. In Greenville, the highest median tax bill is $138.00 in the 63944 zip code, while the lowest median tax bill is also $138.00 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenville Assessed Value
$19,000
Average Wayne County Assessed Value
$16,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63944 | $1,300 | $3,800 | $19,000 | $39,600 | $69,380 |
Source: Ownwell
Property Tax Bills Across Greenville, Missouri
In Greenville, located in Wayne 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 Greenville is $19,000. Property taxes are then determined by applying the local tax rate to this assessed value. The tax bill can vary significantly depending on various factors, including the property's location and specific tax rates within each zip code. For homeowners in Greenville, property tax bills can range widely. At the 25th percentile, a tax bill might be as low as $29, while at the 75th percentile, it could reach $292. The 90th percentile sees tax bills climbing as high as $499. The highest and lowest median tax bills in the area are both $138, found in the 63944 zip code. Compared to the national median property tax rate of 0.99%, Greenville's property taxes can be seen as relatively low. These taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure maintenance.
Average Greenville Tax Bill
$138
Average Wayne County Tax Bill
$122
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63944 | $10 | $29 | $138 | $292 | $499 |
Source: Ownwell