Gentry, Gentry County, Missouri Property Taxes
The median property tax rate in Gentry, MO is 1.55%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Gentry at $40,105, the typical annual property tax bill reaches $536, which is significantly below the national median of $2,690. Property taxes in Gentry are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gentry'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 Gentry 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
Gentry, Gentry County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$622
$577
Ownwell’s Gentry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gentry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gentry 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 Gentry, Gentry County, Missouri
Property taxes in Gentry, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gentry is 1.55%, significantly higher than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Gentry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gentry 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 Gentry's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64453 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Gentry provides valuable insights into the varying tax landscape across Gentry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gentry Tax Rate
1.55%
Average Gentry County Tax Rate
1.36%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gentry, Gentry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64453 | 1.09% | 1.31% | 1.55% | 1.60% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Gentry, Gentry County, Missouri
In Gentry, 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 local assessment authorities 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 Gentry, 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. The median home price in Gentry is $40,105, with the 25th percentile tax bill at $174 and the 75th percentile tax bill at $1,284. The zip code with the highest median tax bill is 64453, at $536. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gentry, Gentry County, Missouri
Source: Ownwell
$27,220
$69,410
$111,600
Average Gentry Assessed Value
$40,105
Average Gentry County Assessed Value
$52,950
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gentry, Gentry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64453 | $1,915 | $12,960 | $40,105 | $91,648 | $141,285 |
Source: Ownwell
Property Tax Bills Across Gentry, Gentry County, Missouri
In Gentry, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in the area is $40,105. Local tax authorities then apply the county's property tax rate to this assessed value to determine the tax bill. For instance, homeowners in Gentry can expect tax bills ranging from $174 at the 25th percentile to $2,103 at the 90th percentile. The highest and lowest median tax bills in the region are both recorded at $536 in the 64453 zip code, indicating a relatively consistent tax burden across different properties. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Gentry's property tax rates reflect the local economic conditions and funding requirements for public services. Homeowners in Gentry should stay informed about these factors as they directly impact their annual financial obligations and overall cost of homeownership.
Average Gentry Tax Bill
$536
Average Gentry County Tax Bill
$746
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Gentry, Gentry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64453 | $28 | $174 | $536 | $1,284 | $2,103 |
Source: Ownwell