Georgetown, Missouri Property Taxes
The median property tax rate in Georgetown, MO is 1.10%, which is higher than the national median of 0.99% but slightly lower than the Missouri state median of 1.20%. With the median home value in Georgetown, the typical annual property tax bill amounts to $118, which is significantly below the national median of $2,690. Property taxes in Georgetown are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Georgetown'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 Georgetown 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
Georgetown, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Georgetown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Georgetown with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Georgetown to project your property tax bill. This valuable tool helps you grasp potential tax liabilities. If you want to explore trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Georgetown, Missouri
Property taxes in Georgetown, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgetown is 1.10%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgetown 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 Georgetown's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65301 has both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with Georgetown provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Georgetown Tax Rate
1.10%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgetown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, Missouri
In Georgetown, 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 Pettis 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 Georgetown, 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. The median home price in Georgetown is $10,720, with the median tax bill across various percentiles being $118. Notably, the zip code 65301 has both the highest and lowest median tax bills at $118. 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 Georgetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Georgetown Assessed Value
$10,720
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Georgetown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | $10,720 | $10,720 | $10,720 | $10,720 | $10,720 |
Source: Ownwell
Property Tax Bills Across Georgetown, Missouri
In Georgetown, located in Pettis County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Georgetown, the median home price stands at $10,720. The property tax rate in Georgetown is relatively low compared to the national median of 0.99%, resulting in tax bills that are quite modest. For instance, tax bills at the 25th, 75th, and 90th percentiles all hover around $118. This uniformity in tax bills reflects a consistent approach in the assessment process across the city. Such low property tax bills can significantly benefit homeowners, making homeownership more affordable and potentially increasing property values over time. This affordability can also attract new residents, fostering community growth and stability.
Average Georgetown Tax Bill
$118
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgetown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | $118 | $118 | $118 | $118 | $118 |
Source: Ownwell