Mountain Grove, Texas County, Missouri Property Taxes
The median property tax rate in Mountain Grove, MO is 0.66%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Mountain Grove at $90,275, the typical annual property tax bill is $577, well below the national median of $2,690. Property taxes in Mountain Grove 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 Mountain Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mountain Grove or another part of Texas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain Grove, Texas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$596
$553
Ownwell’s Mountain Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mountain Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain Grove to give you an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. To see trends on a neighborhood level, simply scroll down for more localized information. Your property’s assessed value is determined by Texas County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Mountain Grove, Texas County, Missouri
Property taxes in Mountain Grove, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain Grove is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Mountain Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain Grove 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 Mountain Grove's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65711 has both the highest and lowest median property tax rate of 0.66%, highlighting the uniformity within Mountain Grove. Understanding how these rates compare with neighboring areas in Texas County provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to other regions.
Average Mountain Grove Tax Rate
0.66%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain Grove, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65711 | 0.59% | 0.63% | 0.66% | 0.70% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Grove, Texas County, Missouri
In Mountain Grove, 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 Mountain Grove, 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 Mountain Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mountain Grove is $90,275, with the median tax bill ranging from $317 at the 25th percentile to $1,248 at the 90th percentile. The highest and lowest median tax bills are both in the 65711 zip code, amounting to $577.
Property Tax Assessment Values Across Mountain Grove, Texas County, Missouri
Source: Ownwell
$47,880
$79,465
$111,050
Average Mountain Grove Assessed Value
$90,275
Average Texas County Assessed Value
$74,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mountain Grove, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65711 | $28,688 | $49,752 | $90,275 | $139,572 | $196,210 |
Source: Ownwell
Property Tax Bills Across Mountain Grove, Texas County, Missouri
In Mountain Grove, located in Texas County, MO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Mountain Grove is $90,275. Once the assessed value is determined, local tax rates are applied to calculate the annual tax bill. Homeowners in Mountain Grove can expect a wide range of property tax bills. At the 25th percentile, the tax bill is around $317, while at the 75th percentile, it rises to $902. The 90th percentile sees tax bills reaching $1,248. The highest and lowest median tax bills in the area are both $577, which is notably lower than the national median property tax rate of 0.99%. These property taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these taxes are calculated helps in budgeting and financial planning, ensuring they are prepared for their annual obligations.
Average Mountain Grove Tax Bill
$577
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain Grove, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65711 | $188 | $317 | $577 | $902 | $1,248 |
Source: Ownwell