Griswold, Missouri Property Taxes
The median property tax rate in Griswold, Missouri is 1.66%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Griswold, the typical annual property tax bill reaches $55, exceeding the national median of $2,690. Property taxes in Griswold 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 Griswold'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 Griswold 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
Griswold, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$55
Owning property in Griswold, MO, comes with the responsibility of understanding your property tax liabilities. Our Griswold Property Tax Bill Calculator is designed to simplify this process for homeowners, real estate investors, and potential buyers. By inputting your property's estimated assessed value, our tool calculates your annual property tax bill using the median tax rate in Griswold. This valuable resource provides a clear picture of what you might owe, helping you plan your finances more effectively. For those interested in more detailed insights, including neighborhood-specific trends, additional information is available below. Remember, your property's assessed value is determined by the county and includes any applicable exemptions, ensuring an accurate tax calculation.
Property Tax Rates Across Griswold, Missouri
Property taxes in Griswold, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Griswold is 1.66%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Griswold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Griswold 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 Griswold's effective property tax rate to other counties in Missouri and the national median. For comparison, the 51535 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Griswold provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Griswold Tax Rate
1.66%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Griswold, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51535 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Griswold, Missouri
In Griswold, 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 Morgan County Assessor's Office 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 Griswold, 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 Griswold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Griswold is $3,300, with tax bills ranging from $55 at the 25th percentile to $55 at the 90th percentile.
Average Griswold Assessed Value
$3,300
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Griswold, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51535 | $3,300 | $3,300 | $3,300 | $3,300 | $3,300 |
Source: Ownwell
Property Tax Bills Across Griswold, Missouri
In Griswold, Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For homeowners in Griswold, the median home price is $3,300. Property tax rates in the area are applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. In Griswold, the tax bills are relatively uniform, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $55. This consistency in tax bills can provide a level of predictability for homeowners, making it easier to budget for annual expenses. However, it's essential to stay informed about any changes in local tax rates or assessed values, as these can directly impact the amount owed each year. Compared to the national median property tax rate of 0.99%, Griswold's rates offer a unique perspective on local taxation.
Average Griswold Tax Bill
$55
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Griswold, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51535 | $55 | $55 | $55 | $55 | $55 |
Source: Ownwell