Green Castle, Missouri Property Taxes
The median property tax rate in Green Castle, MO is 0.89%, which is 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 at $59,710, the typical annual property tax bill amounts to $479, significantly below the national median of $2,690. Property taxes in Green Castle are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Green Castle'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 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
0.89%
Estimate Property Tax Bill
$531
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Castle is 0.89%, which is below 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 lowest median property tax rate of 0.89%. Understanding how these cities compare with Green Castle provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Castle Tax Rate
0.89%
Average Adair County Tax Rate
1.16%
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 | 0.62% | 0.70% | 0.89% | 0.96% | 0.98% |
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 Adair 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 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 zip code with the highest median tax bill is 63544, amounting to $479, while the zip code with the lowest median tax bill is also 63544, at $479.
Average Green Castle Assessed Value
$59,710
Average Adair County Assessed Value
$82,060
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 | $11,890 | $26,995 | $59,710 | $124,270 | $203,895 |
Source: Ownwell
Property Tax Bills Across Green Castle, Missouri
In Green Castle, Adair County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the local assessor. For instance, with a median home price of $59,710, the assessed value will be a fraction of this market price. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local government budget needs. Homeowners in Green Castle can expect their property tax bills to vary widely. The 25th percentile tax bill is around $225, while at the 75th percentile, it rises to $1,176. For those at the 90th percentile, the tax bill can reach up to $1,845. This variation significantly impacts homeowners, as higher property taxes can affect disposable income and overall affordability of homeownership in the area.
Average Green Castle Tax Bill
$479
Average Adair County Tax Bill
$893
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 | $109 | $225 | $479 | $1,176 | $1,845 |
Source: Ownwell