Ray County, Missouri Property Taxes
The median property tax rate in Ray County is 1.35%, which is significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Ray County, the typical annual property tax bill reaches $1,429, which is lower than the national median of $2,690. Property taxes in Ray County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Ray County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Richmond or another part of Ray County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ray County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,429
$1,326
Ownwell’s Ray County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ray County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ray 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 Ray County, Missouri
Property taxes in Ray County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ray County is 1.35%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Ray County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ray 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. The following data compares Ray County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Lawson has one of the higher property tax rates in Missouri at 1.47%, while the city of Braymer boasts one of the lowest at 1.01%. Analyzing how Ray County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ray County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
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
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Ray County, Missouri. 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 Ray 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 Ray 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. For instance, Lawson has the highest median tax bill at $1,879, whereas Henrietta has the lowest at $522. Being aware of these valuation processes in Ray County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ray County Assessed Value
$105,860
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
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
Property tax bills in Ray County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. The county's property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For example, the median home price in Ray County is $105,860. Homeowners in the 25th percentile of tax bills pay around $811 annually, while those in the 75th percentile pay about $2,063. The highest tax bills, at the 90th percentile, can reach up to $2,897. Comparatively, Ray County's property tax rates can vary significantly within the county itself. In Lawson, the highest median tax bill is $1,879, while in Henrietta, it drops to $522. These variations impact homeowners by influencing their annual financial obligations, potentially affecting decisions related to buying, selling, or maintaining a property.
Average Ray County Tax Bill
$1,429
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
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