Graham, Missouri Property Taxes
The median property tax rate in Graham, Missouri is 0.84%, 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 Graham at $83,420, the typical annual property tax bill amounts to $1,023, falling below the national median of $2,690. Property taxes in Graham are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Graham'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 Graham 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
Graham, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$701
Ownwell’s Graham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Graham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Graham 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 Graham, Missouri
Property taxes in Graham, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Graham is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Graham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Graham 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 Graham's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64455 in Andrew County has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Graham provides valuable insights into the varying tax landscape across Andrew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Graham Tax Rate
0.84%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Graham, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64455 | 0.77% | 0.81% | 0.84% | 1.14% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Graham, Missouri
In Graham, 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 Andrew 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 Graham, 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. For instance, the median home price stands at $83,420, with tax bills ranging from $682 at the 25th percentile to $1,433 at the 90th percentile. The zip code with the highest and lowest median tax bill is 64455, both at $1,023. 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 Graham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Graham Assessed Value
$83,420
Average Andrew County Assessed Value
$108,235
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Graham, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64455 | $61,748 | $69,945 | $83,420 | $128,000 | $157,482 |
Source: Ownwell
Property Tax Bills Across Graham, Missouri
In Graham, Missouri, 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 Graham is $83,420. Property tax rates are applied to this assessed value to determine the tax bill. For instance, the 25th percentile tax bill is $682, while the 75th percentile tax bill reaches $1,230. The 90th percentile tax bill can go up to $1,433, reflecting higher-valued properties or additional assessments. Several factors influence the tax bill, including property improvements, market trends, and local government budgets. Homeowners in Graham should be aware that their property tax can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Graham's property taxes can vary widely, affecting affordability and long-term financial planning for residents. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Graham Tax Bill
$1,023
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Graham, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64455 | $491 | $682 | $1,023 | $1,230 | $1,433 |
Source: Ownwell