Fair Grove, Dallas County, Missouri Property Taxes
The median property tax rate in Fair Grove, MO is 0.90%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $99,000 in Fair Grove, the typical annual property tax bill amounts to $886, significantly below the national median of $2,690. Property taxes in Fair Grove are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Fair Grove'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 Fair Grove or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fair Grove, Dallas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$891
$827
Ownwell’s Fair Grove Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fair Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fair Grove 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 Fair Grove, Dallas County, Missouri
Property taxes in Fair Grove, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fair Grove is 0.84%, lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Fair Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fair Grove 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 Fair Grove's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65648 zip code 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 Fair Grove provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fair Grove Tax Rate
0.90%
Average Dallas County Tax Rate
0.78%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fair Grove, Dallas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65648 | 0.81% | 0.86% | 0.90% | 0.91% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Fair Grove, Dallas County, Missouri
In Fair Grove, 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 Dallas 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 Fair Grove, 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 Fair Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Fair Grove is $886, with the zip code 65648 reflecting this value.
Property Tax Assessment Values Across Fair Grove, Dallas County, Missouri
Source: Ownwell
$49,750
$74,375
$99,000
Average Fair Grove Assessed Value
$99,000
Average Dallas County Assessed Value
$66,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fair Grove, Dallas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65648 | $32,700 | $55,300 | $99,000 | $143,200 | $188,500 |
Source: Ownwell
Property Tax Bills Across Fair Grove, Dallas County, Missouri
In Fair Grove, Dallas County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Fair Grove, the median home price is $99,000. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Fair Grove experience a range in their tax bills, with the 25th percentile at $508 and the 75th percentile at $1,262, indicating variability based on individual property characteristics. The tax bill can go as high as $1,651 for the 90th percentile. The highest and lowest median tax bills in the area are both $886, showing some consistency in taxation within the region. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Fair Grove Tax Bill
$886
Average Dallas County Tax Bill
$511
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fair Grove, Dallas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65648 | $284 | $508 | $886 | $1,262 | $1,651 |
Source: Ownwell