Perry, Ralls County, Missouri Property Taxes
The median property tax rate in Perry, MO is 0.90%, slightly lower than the national median of 0.99% and significantly below the Missouri state median of 1.20%. With the median home value in Perry at $77,545, the typical annual property tax bill amounts to $689, which is notably less than the national median of $2,690. Property taxes in Perry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Perry'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 Perry 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
Perry, Ralls County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$698
$648
Ownwell’s Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perry 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 Perry, Ralls County, Missouri
Property taxes in Perry, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perry is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perry 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 Perry's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63462 in Ralls County has the highest median property tax rate of 0.90%, while the same zip code also represents the lowest median tax rate of 0.90%. Understanding how these cities compare with Perry provides valuable insights into the varying tax landscape across Ralls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perry Tax Rate
0.90%
Average Ralls County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perry, Ralls County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63462 | 0.83% | 0.89% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Perry, Ralls County, Missouri
In Perry, 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 local 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 Perry, 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. The median home price in Perry is $77,545, with tax bills ranging from $412 at the 25th percentile to $1,614 at the 90th percentile. The highest and lowest median tax bills are both $689 in the 63462 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Perry, Ralls County, Missouri
Source: Ownwell
$59,360
$95,130
$130,900
Average Perry Assessed Value
$77,545
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 Perry, Ralls County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63462 | $30,545 | $46,415 | $77,545 | $126,210 | $194,205 |
Source: Ownwell
Property Tax Bills Across Perry, Ralls County, Missouri
In Perry, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence this calculation, including the market value of the property, the assessment ratio set by the county, and the local tax rate. For example, with a median home price of $77,545, homeowners in Perry can expect a wide range of tax bills. At the 25th percentile, tax bills are around $412, while at the 75th percentile, they can go up to $1,113. The 90th percentile sees tax bills as high as $1,614. These property taxes significantly impact homeowners by influencing their annual expenses. Compared to the national median property tax rate of 0.99%, Perry's tax rates offer a varied landscape, making it essential for homeowners to understand their specific tax obligations.
Average Perry Tax Bill
$689
Average Ralls County Tax Bill
$888
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Perry, Ralls County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63462 | $271 | $412 | $689 | $1,113 | $1,614 |
Source: Ownwell