Ray County, Missouri Property Taxes
Median Ray County effective property tax rate: 1.35%, significantly higher than the national median of 1.02%. Median Ray County home value: $105,860. Median annual Ray County tax bill: $1,429, $971 lower than the national median property tax bill of $2,400.
How are property taxes in Ray County calculated?
Property taxes in Ray County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Richmond or another part of Ray County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ray County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$1,429
$1,326
Property Tax Rates Across Ray County, Missouri
Local government entities determine tax rates, leading to significant variation across a state. This is because each county annually estimates its budgetary needs for public services and divides that by the total assessed value of all taxable property within its borders, resulting in the property tax rate. While votes and laws play a role in setting these rates, this is the core of the annual process.
Ray County, Missouri, has an effective property tax rate of 1.35%, which is notably higher than the national median of 1.02%. Within Missouri, the highest median tax rate is found in Lawson at 1.47%, while the lowest is in Braymer at 1.01%. Ray County's rate is significant when compared to the U.S. median property tax rate and can impact property owners' financial planning. Understanding how these rates are determined can help property owners make informed decisions and potentially seek appeals or exemptions to manage their property tax liabilities effectively.
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 Ray County Tax Rate
1.35%
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 Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ray County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braymer | 0.75% | 0.88% | 1.01% | 1.07% | 1.11% |
| Camden | 1.21% | 1.26% | 1.30% | 1.40% | 1.40% |
| Cowgill | 0.89% | 0.98% | 1.03% | 1.11% | 1.20% |
| Excelsior Springs | 1.30% | 1.35% | 1.35% | 1.42% | 1.59% |
| Hardin | 1.04% | 1.24% | 1.43% | 1.43% | 1.43% |
| Henrietta | 1.42% | 1.43% | 1.43% | 1.44% | 1.44% |
| Lawson | 1.31% | 1.38% | 1.47% | 1.77% | 1.77% |
| Norborne | 0.92% | 1.05% | 1.18% | 1.27% | 1.28% |
| Orrick | 1.18% | 1.26% | 1.30% | 1.43% | 1.43% |
| Polo | 1.00% | 1.10% | 1.18% | 1.25% | 1.33% |
| Rayville | 1.10% | 1.18% | 1.24% | 1.34% | 1.35% |
| Richmond | 1.11% | 1.16% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Ray County, Missouri
When examining property taxes in Ray County, 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 Ray County Assessor's Office 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 Ray 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 Ray County.
For example, the median tax bill in Ray County is $1,879, with tax bills ranging significantly across the county. Polo has the highest median home price at $127,975.
Median Ray County Market Value
$105,860
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ray County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braymer | $33,778 | $56,082 | $100,665 | $166,780 | $221,281 |
| Camden | $10,660 | $23,650 | $53,530 | $127,900 | $190,170 |
| Cowgill | $40,447 | $70,645 | $98,140 | $169,012 | $201,024 |
| Excelsior Springs | $46,060 | $86,942 | $122,760 | $164,905 | $223,000 |
| Hardin | $18,344 | $35,285 | $58,620 | $105,485 | $157,556 |
| Henrietta | $10,355 | $20,985 | $36,360 | $53,705 | $91,065 |
| Lawson | $41,884 | $85,810 | $118,840 | $168,690 | $236,288 |
| Norborne | $39,895 | $65,125 | $109,525 | $168,990 | $228,969 |
| Orrick | $28,104 | $50,410 | $88,720 | $128,420 | $182,562 |
| Polo | $35,418 | $83,118 | $127,975 | $186,040 | $236,300 |
| Rayville | $28,405 | $70,958 | $119,575 | $167,168 | $211,350 |
| Richmond | $34,196 | $57,782 | $97,865 | $147,285 | $214,752 |
Source: Ownwell
Property Tax Bills Across Ray County, Missouri
Median Ray County Tax Bill
$1,429
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Ray County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braymer | $352 | $497 | $1,007 | $1,479 | $2,332 |
| Camden | $135 | $320 | $722 | $1,611 | $2,381 |
| Cowgill | $382 | $733 | $986 | $1,659 | $2,107 |
| Excelsior Springs | $617 | $1,228 | $1,737 | $2,273 | $3,020 |
| Hardin | $262 | $492 | $789 | $1,292 | $1,916 |
| Henrietta | $156 | $301 | $522 | $819 | $1,262 |
| Lawson | $646 | $1,329 | $1,879 | $2,535 | $3,537 |
| Norborne | $456 | $789 | $1,305 | $1,922 | $2,359 |
| Orrick | $367 | $677 | $1,163 | $1,644 | $2,268 |
| Polo | $386 | $945 | $1,417 | $2,151 | $2,894 |
| Rayville | $327 | $814 | $1,478 | $2,072 | $2,662 |
| Richmond | $444 | $756 | $1,265 | $1,842 | $2,636 |
Source: Ownwell