Ralls County, Missouri Property Taxes
The median property tax rate in Ralls County is 0.98%, which is slightly below both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $94,330 in Ralls County, the typical annual property tax bill amounts to $888, significantly lower than the national median of $2,690. Property taxes in Ralls County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Ralls County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in New London or another part of Ralls County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ralls County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$924
$858
Ownwell’s Ralls County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ralls County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ralls County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Ralls County, Missouri
Property taxes in Ralls County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ralls County is 0.98%, which is just below the U.S. national median of 0.99%. Local government entities within Ralls County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ralls County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Monroe City has one of the higher property tax rates in Missouri at 1.06%, while the city of Laddonia boasts one of the lowest at 0.89%. Analyzing how Ralls County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ralls County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ralls County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | 0.77% | 0.86% | 0.90% | 1.09% | 1.09% |
| Frankford | 0.76% | 0.83% | 0.90% | 0.94% | 0.95% |
| Hannibal | 0.98% | 1.02% | 1.02% | 1.02% | 1.13% |
| Laddonia | 0.63% | 0.84% | 0.89% | 0.90% | 0.94% |
| Monroe City | 0.99% | 1.06% | 1.06% | 1.06% | 1.06% |
| New London | 0.87% | 0.90% | 0.98% | 1.02% | 1.02% |
| Palmyra | N/A | N/A | N/A | N/A | N/A |
| Perry | 0.83% | 0.89% | 0.90% | 0.90% | 0.90% |
| Saverton | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Vandalia | 0.80% | 0.86% | 0.96% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Ralls County, Missouri
In Ralls County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Ralls County Appraisal District. The assessed value, however, 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. Assessment notices in Ralls County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Ralls County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Ralls County, Palmyra has the highest median tax bill at $2,020, while Saverton has the lowest at $605.
Average Ralls County Assessed Value
$94,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ralls County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | $22,154 | $37,630 | $69,870 | $122,520 | $196,196 |
| Frankford | $51,630 | $76,365 | $108,505 | $191,508 | $259,826 |
| Hannibal | $38,543 | $65,172 | $120,685 | $170,680 | $231,384 |
| Laddonia | $56,520 | $65,075 | $93,630 | $212,070 | $255,552 |
| Monroe City | $53,904 | $61,800 | $85,010 | $132,250 | $188,830 |
| New London | $37,697 | $61,612 | $99,130 | $155,520 | $219,848 |
| Palmyra | N/A | N/A | N/A | N/A | N/A |
| Perry | $30,545 | $46,415 | $77,545 | $126,210 | $194,205 |
| Saverton | $31,434 | $39,490 | $59,360 | $105,065 | $120,976 |
| Vandalia | $58,216 | $81,538 | $130,900 | $179,292 | $250,606 |
Source: Ownwell
Property Tax Bills Across Ralls County, Missouri
In Ralls County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county determines the tax rate, which is then applied to the assessed value to calculate the tax bill. For instance, with a median home price of $94,330, the tax bill can vary significantly. The 25th percentile tax bill is $551, while the 75th percentile tax bill reaches $1,432, and the 90th percentile tax bill goes up to $2,042. Several factors influence the tax bill, including property location, home improvements, and changes in market conditions. For example, Palmyra has the highest median tax bill in the county at $2,020, whereas Saverton has the lowest at $605. These variations affect homeowners by influencing their annual financial obligations and potentially impacting their decisions on homeownership and property investments. Understanding these factors helps homeowners anticipate their tax liabilities and plan accordingly.
Average Ralls County Tax Bill
$888
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ralls County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | $230 | $372 | $641 | $1,057 | $1,668 |
| Frankford | $467 | $684 | $1,003 | $1,600 | $2,168 |
| Hannibal | $402 | $678 | $1,231 | $1,731 | $2,343 |
| Laddonia | $502 | $597 | $790 | $1,586 | $1,932 |
| Monroe City | $560 | $652 | $894 | $1,387 | $1,988 |
| New London | $363 | $582 | $917 | $1,498 | $2,025 |
| Palmyra | N/A | N/A | N/A | N/A | N/A |
| Perry | $271 | $412 | $689 | $1,113 | $1,614 |
| Saverton | $321 | $403 | $605 | $1,071 | $1,233 |
| Vandalia | $530 | $808 | $1,173 | $1,809 | $2,620 |
Source: Ownwell