Republic, Missouri Property Taxes
The median property tax rate in Republic, MO is 1.04%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value in Republic of $157,100, the typical annual property tax bill reaches $1,637, which is below the national median of $2,690. Property taxes in Republic are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Republic'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 Republic 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
Republic, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,634
Ownwell’s Republic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Republic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Republic 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 Republic, Missouri
Property taxes in Republic, Missouri, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Republic is 1.04%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Republic set these rates annually, leading to significant variations across different neighborhoods. Each year, Republic 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 Republic's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65738 has the highest median property tax rate of 1.04%, while the same zip code also represents the lowest median tax rate of 1.04%. Understanding how these areas compare with Republic 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 Republic Tax Rate
1.04%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Republic, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65738 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Republic, Missouri
In Republic, 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 Greene 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 Republic, 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 Republic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65738, with a median tax bill of $1,637.
Average Republic Assessed Value
$157,100
Average Greene County Assessed Value
$140,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Republic, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65738 | $88,700 | $115,600 | $157,100 | $202,100 | $266,500 |
Source: Ownwell
Property Tax Bills Across Republic, Missouri
In Republic, MO, located in Greene County, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Republic can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rates applied by local taxing authorities. For instance, the median home price in Republic is $157,100. Property tax bills in the area range widely, with the 25th percentile at $1,209, the 75th percentile at $2,096, and the 90th percentile reaching up to $2,766. Notably, the median property tax bill in the highest and lowest zip codes within Republic is $1,637. This variation indicates that while some homeowners may face relatively modest tax bills, others could experience significantly higher costs. Compared to the national median property tax rate of 0.99%, Republic's tax rates can differ, impacting homeowners' financial planning and overall cost of living. Understanding these factors is crucial for homeowners to manage their property tax obligations effectively.
Average Republic Tax Bill
$1,637
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Republic, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65738 | $934 | $1,209 | $1,637 | $2,096 | $2,766 |
Source: Ownwell