Walnut Grove, Polk County, Missouri Property Taxes

Name: Property Tax Bills Across Walnut Grove, Polk County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Walnut Grove, MO effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Walnut Grove, MO home value: $67,833
Median annual Walnut Grove, MO tax bill: $615, $1,785 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

Property taxes in Walnut Grove, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Walnut Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Grove, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Walnut Grove, Polk County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$644

$598

Ownwell’s Walnut Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walnut Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Walnut Grove’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Polk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Walnut Grove, Polk County, Missouri

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Walnut Grove’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.

In Walnut Grove, located in Polk County, the property tax rate is 0.95%, which is slightly below the national median rate of 1.02%. This rate is consistent across the region, highlighting a stable property tax environment. Compared to the national median property tax bill of $2,400, residents here might find their tax obligations relatively manageable. Understanding these rates can empower property owners to make informed decisions about appealing or seeking exemptions if they feel their property taxes are disproportionately high. By staying informed, property owners can ensure they are not overpaying and take advantage of any available tax relief options.

Property Tax Rates Across Walnut Grove, Polk County, Missouri

Source: Ownwell

0.79%

0.90%

1.00%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Walnut Grove Tax Rate

0.95%

Median Effective Polk County Tax Rate

0.91%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Walnut Grove, Polk County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65770	0.75%	0.88%	0.95%	1.01%	1.14%

Source: Ownwell

Property Tax Assessment Values Across Walnut Grove, Polk County, Missouri

When examining property taxes in Walnut Grove, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Polk County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Polk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Walnut Grove. For example, the median home price in Walnut Grove is $67,833, with tax bills ranging significantly across the county. Zip code 65770 has the highest median home price at $67,833.

Property Tax Assessment Values Across Walnut Grove, Polk County, Missouri

Source: Ownwell

$19,386

$60,099

$100,811

Median Walnut Grove Market Value

$67,833

Median Polk County Market Value

$49,465

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Walnut Grove, Polk County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65770	$18,010	$31,680	$67,833	$119,765	$163,604

Source: Ownwell

Property Tax Bills Across Walnut Grove, Polk County, Missouri

In Walnut Grove, located in Polk County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the tax bill. Factors such as home improvements or changes in market conditions can impact the assessed value, and consequently, the tax bill. For homeowners in Walnut Grove, the median property tax bill is $615, which is significantly lower than the national median of $2,400. However, even with relatively low tax bills, homeowners can still benefit from appealing their property taxes. This is where Ownwell can help. By providing expert analysis and guidance, Ownwell assists homeowners in identifying potential savings and navigating the appeal process. With a proven track record, Ownwell ensures that homeowners only pay their fair share, potentially saving them hundreds of dollars on their property tax bills.

Property Tax Bills Across Walnut Grove, Polk County, Missouri

Source: Ownwell

$145

$569

$992

Median Walnut Grove Tax Bill

$615

Median Polk County Tax Bill

$421

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Walnut Grove, Polk County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65770	$158	$268	$615	$1,129	$1,630

Source: Ownwell