Walnut Grove, Greene County, Missouri Property Taxes
The median property tax rate in Walnut Grove, MO, is 1.06%, 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 Walnut Grove at $105,300, the typical annual property tax bill reaches $1,129, which is less than the national median of $2,690. Property taxes in Walnut Grove are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Walnut Grove'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 Walnut Grove or another part of Greene County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Walnut Grove, Greene County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,116
$1,036
Ownwell’s Walnut Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnut Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnut 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 Walnut Grove, Greene County, Missouri
Property taxes in Walnut Grove, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnut Grove is 1.06%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Walnut Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnut 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 Walnut Grove's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65770 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Walnut 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 Walnut Grove Tax Rate
1.06%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walnut Grove, Greene County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65770 | 0.95% | 1.00% | 1.06% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Grove, Greene County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Walnut Grove, Missouri. 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 Walnut 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. For instance, the median home price in Walnut Grove is $105,300, with tax bills ranging from $660 at the 25th percentile to $2,596 at the 90th percentile. The highest median tax bill is $1,129 in the 65770 zip code. 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 their tax burden.
Property Tax Assessment Values Across Walnut Grove, Greene County, Missouri
Source: Ownwell
$51,500
$244,550
$437,600
Average Walnut Grove Assessed Value
$105,300
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 Walnut Grove, Greene County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65770 | $34,460 | $58,875 | $105,300 | $171,525 | $254,680 |
Source: Ownwell
Property Tax Bills Across Walnut Grove, Greene County, Missouri
In Walnut Grove, 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 Walnut Grove is $105,300. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements, neighborhood development, and changes in the housing market can influence the assessed value. Homeowners in Walnut Grove experience varying tax bills. For instance, the 25th percentile tax bill is about $660, while the 75th percentile tax bill reaches $1,771. At the higher end, the 90th percentile tax bill can be as much as $2,596. Comparatively, the median property tax rate in Walnut Grove aligns closely with the national median of 0.99%. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should stay informed about their property assessments and tax rates to manage their financial planning effectively.
Average Walnut Grove Tax Bill
$1,129
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Walnut Grove, Greene County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65770 | $369 | $660 | $1,129 | $1,771 | $2,596 |
Source: Ownwell