Henrietta, Ray County, Missouri Property Taxes
The median property tax rate in Henrietta, MO is 1.43%, considerably higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Henrietta at $36,360, the typical annual property tax bill reaches $522, which is significantly lower than the national median of $2,690. Property taxes in Henrietta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Henrietta'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 Henrietta 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
Henrietta, Ray County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$520
$482
Ownwell’s Henrietta Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Henrietta. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Henrietta to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities, making financial planning easier. For those interested in more detailed trends and localized information, scrolling down the page will reveal additional insights at the neighborhood level. Remember, your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for tax purposes.
Property Tax Rates Across Henrietta, Ray County, Missouri
Property taxes in Henrietta, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henrietta is 1.43%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Henrietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henrietta 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 Henrietta's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64036 zip code has both the highest and the lowest median property tax rate of 1.43%. Understanding how these cities compare with Henrietta provides valuable insights into the varying tax landscape across Ray County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henrietta Tax Rate
1.43%
Average Ray County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henrietta, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64036 | 1.42% | 1.43% | 1.43% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Henrietta, Ray County, Missouri
In Henrietta, 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 Ray County Assessor 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 Henrietta, 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. Being aware of these valuation processes in Henrietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $36,360, with tax bills ranging from $301 at the 25th percentile to $1,262 at the 90th percentile. The highest and lowest median tax bills are both $522 in the 64036 zip code.
Property Tax Assessment Values Across Henrietta, Ray County, Missouri
Source: Ownwell
$36,360
$82,168
$127,975
Average Henrietta Assessed Value
$36,360
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 Henrietta, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64036 | $10,355 | $20,985 | $36,360 | $53,705 | $91,065 |
Source: Ownwell
Property Tax Bills Across Henrietta, Ray County, Missouri
In Henrietta, located in Ray County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Henrietta is $36,360. Property tax rates in the area are influenced by local government budgets and public service needs, impacting the final tax bill homeowners receive. For example, homeowners at the 25th percentile pay around $301, while those at the 75th percentile pay approximately $819. The tax bill can go up to $1,262 for properties at the 90th percentile. Comparatively, the highest median tax bill in the county is $522, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make Henrietta an attractive place for homeowners looking for affordable property taxes. However, the variability in tax bills highlights the importance of understanding how local assessments and tax rates affect individual financial obligations.
Average Henrietta Tax Bill
$522
Average Ray County Tax Bill
$1,429
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Henrietta, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64036 | $156 | $301 | $522 | $819 | $1,262 |
Source: Ownwell