Greentop, Missouri Property Taxes
The median property tax rate in Greentop, MO is 0.89%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $101,650 in Greentop, the typical annual property tax bill comes to $841, significantly below the national median of $2,690. Property taxes in Greentop are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Greentop'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 Greentop or another part of Adair County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greentop, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$905
Ownwell’s GREENTOP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GREENTOP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GREENTOP 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 Greentop, Missouri
Property taxes in Greentop, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greentop is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Greentop set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greentop 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 Greentop's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63546 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Greentop 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 Greentop 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 Greentop, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63546 | 0.61% | 0.67% | 0.89% | 1.00% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Greentop, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greentop, 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 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 Greentop, 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. The median home price in Greentop is $101,650, with tax bills ranging from $423 at the 25th percentile to $2,016 at the 90th percentile. The zip code 63546 has the highest and lowest median tax bill of $841. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greentop Assessed Value
$101,650
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 Greentop, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63546 | $19,904 | $51,405 | $101,650 | $154,165 | $218,708 |
Source: Ownwell
Property Tax Bills Across Greentop, Missouri
In Greentop, located in Adair County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners, understanding this process is crucial, as it directly impacts their annual tax obligations. The median home price in Greentop stands at $101,650, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For instance, the 25th percentile of tax bills in Greentop is $423, while the 75th percentile reaches $1,400, and the 90th percentile can be as high as $2,016. The highest and lowest median tax bills in the area are both $841, located in the 63546 zip code. Homeowners in Greentop should be aware of these figures, as they illustrate the range of potential tax liabilities. By understanding how their property tax is calculated, homeowners can better plan for these expenses and explore any available exemptions to reduce their tax burden.
Average Greentop Tax Bill
$841
Average Adair County Tax Bill
$893
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Greentop, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63546 | $167 | $423 | $841 | $1,400 | $2,016 |
Source: Ownwell