Guilford, Missouri Property Taxes
The median property tax rate in Guilford, Missouri is 1.08%, which is slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Guilford, the typical annual property tax bill amounts to $1,275, which is below the national median of $2,690. Property taxes in Guilford are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Guilford'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 Guilford or another part of Andrew County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guilford, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,110
Ownwell’s Guilford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guilford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guilford 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 Guilford, Missouri
Property taxes in Guilford, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guilford is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Guilford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guilford 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 Guilford's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64457 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Guilford 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 Guilford Tax Rate
1.08%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guilford, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64457 | 0.81% | 0.81% | 1.08% | 1.24% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Guilford, Missouri
In Guilford, 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 Guilford, 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 Guilford stands at $102,760, with tax bills ranging widely. The 25th percentile tax bill is $561, while the 75th percentile reaches $2,008, and the 90th percentile hits $2,284. The zip code 64457 has both the highest and lowest median tax bill of $1,275. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Guilford Assessed Value
$102,760
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 Guilford, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64457 | $26,214 | $66,655 | $102,760 | $172,670 | $188,698 |
Source: Ownwell
Property Tax Bills Across Guilford, Missouri
In Guilford, property tax bills are calculated based on the assessed value of a home, which is determined by the Andrew County assessor's office. The assessed value is a percentage of the property's market value, reflecting current real estate conditions. Homeowners in Guilford pay property taxes that fall within a range, with the 25th percentile tax bill at $561 and the 75th percentile reaching $2008. The highest median tax bill in the area is $1275. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The local tax rate, set by various taxing authorities, is applied to the assessed value to determine the final tax bill. For homeowners, these taxes fund essential public services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Guilford's rates offer a diverse range, impacting homeowners differently depending on their property's assessed value and qualifying exemptions.
Average Guilford Tax Bill
$1,275
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Guilford, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64457 | $212 | $561 | $1,275 | $2,008 | $2,284 |
Source: Ownwell