Grover, Missouri Property Taxes
The median property tax rate in Grover, MO is 1.30%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Grover at $557,950, the typical annual property tax bill reaches $2,673, closely aligning with the national median of $2,690. Property taxes in Grover 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 Grover'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 Grover or another part of St. Louis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grover, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Grover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grover 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 Grover, Missouri
Property taxes in Grover, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grover is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Grover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grover 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 Grover's effective property tax rate to other regions in Missouri and the national median. For comparison, the 63040 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Grover provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grover Tax Rate
1.30%
Average St. Louis County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grover, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63040 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Grover, Missouri
In Grover, 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 St. Louis 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 Grover, 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 Grover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 63040, with a median tax bill of $2,673.
Average Grover Assessed Value
$557,950
Average St. Louis County Assessed Value
$226,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grover, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63040 | $275,910 | $381,675 | $557,950 | $734,225 | $839,990 |
Source: Ownwell
Property Tax Bills Across Grover, Missouri
In Grover, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the home's market value. For example, if the median home price in Grover is $557,950, the assessor will apply an assessment ratio to determine the taxable value of the property. Once the assessed value is established, the local tax rate is applied. In Grover, the median property tax bill stands at $2,673, which is consistent across various percentiles, indicating a stable tax environment. This tax rate is used to fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Grover should be aware that their property tax bill can significantly impact their annual budget. With the national median property tax rate at 0.99%, Grover's tax rate can be compared to understand the local tax burden better. Accurate assessment and understanding of these factors are crucial for financial planning and property investment decisions.
Average Grover Tax Bill
$2,673
Average St. Louis County Tax Bill
$3,143
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grover, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63040 | $2,673 | $2,673 | $2,673 | $2,673 | $2,673 |
Source: Ownwell