Ash Grove, Lawrence County, Missouri Property Taxes
The median property tax rate in Ash Grove, MO is 0.95%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value in Ash Grove of $95,224, the typical annual property tax bill is around $875, which is notably less than the national median of $2,690. Property taxes in Ash Grove are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ash 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 Ash Grove or another part of Lawrence County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ash Grove, Lawrence County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$905
$839
Ownwell’s Ash Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ash Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ash 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 Ash Grove, Lawrence County, Missouri
Property taxes in Ash Grove, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ash Grove is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Ash Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ash 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 Ash Grove's effective property tax rate to other areas in Lawrence County and the national median. For comparison, the 65604 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Ash Grove provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ash Grove Tax Rate
0.95%
Average Lawrence County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ash Grove, Lawrence County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65604 | 0.85% | 0.91% | 0.95% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Ash Grove, Lawrence County, Missouri
In Ash 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 Lawrence 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 Ash 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 Ash Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ash Grove is $95,224, with the median tax bill ranging from $470 at the 25th percentile to $1,955 at the 90th percentile. The highest and lowest median tax bills are both $875 in the 65604 zip code.
Property Tax Assessment Values Across Ash Grove, Lawrence County, Missouri
Source: Ownwell
$35,759
$81,807
$127,855
Average Ash Grove Assessed Value
$95,224
Average Lawrence County Assessed Value
$87,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ash Grove, Lawrence County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65604 | $28,197 | $51,931 | $95,224 | $156,432 | $203,476 |
Source: Ownwell
Property Tax Bills Across Ash Grove, Lawrence County, Missouri
In Ash Grove, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessment ratio in Missouri is typically 19% for residential properties. For example, a home with a median market value of $95,224 would have an assessed value of approximately $18,092. The tax rate, set by local taxing authorities, is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Ash Grove can expect property tax bills to vary significantly, with the 25th percentile tax bill at $470 and the 90th percentile reaching $1,955. These taxes fund essential services such as public schools, emergency services, and infrastructure maintenance, directly impacting the quality of life in the community. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Ash Grove Tax Bill
$875
Average Lawrence County Tax Bill
$784
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ash Grove, Lawrence County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65604 | $276 | $470 | $875 | $1,471 | $1,955 |
Source: Ownwell