Wright County, Missouri Property Taxes
The median property tax rate in Wright County is 0.60%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $57,736, the typical annual property tax bill in Wright County is $358, far below the national median of $2,690. Property taxes in Wright 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 Wright 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 a city like Hartville or another part of Wright County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wright County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$346
$321
Ownwell’s Wright County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wright County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wright 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 Wright County, Missouri
Property taxes in Wright County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wright County is 0.60%, which is lower than the Missouri state median and the U.S. national median of 0.99%. Local government entities within Wright County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wright 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 Wright County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Norwood has one of the higher property tax rates in Missouri at 0.71%, while the city of Mountain Grove boasts one of the lowest at 0.55%. Analyzing how Wright County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wright County Tax Rate
0.60%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wright County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Falcon | 0.58% | 0.58% | 0.62% | 0.64% | 0.66% |
| Graff | 0.54% | 0.55% | 0.57% | 0.63% | 0.70% |
| Grovespring | 0.57% | 0.58% | 0.59% | 0.63% | 0.65% |
| Hartville | 0.57% | 0.58% | 0.59% | 0.63% | 0.67% |
| Lynchburg | 0.57% | 0.57% | 0.58% | 0.62% | 0.66% |
| Macomb | 0.64% | 0.65% | 0.67% | 0.70% | 0.73% |
| Mansfield | 0.64% | 0.65% | 0.69% | 0.78% | 0.81% |
| Marshfield | N/A | N/A | N/A | N/A | N/A |
| Mountain Grove | 0.54% | 0.55% | 0.55% | 0.59% | 0.68% |
| Niangua | 0.58% | 0.59% | 0.63% | 0.64% | 0.69% |
| Norwood | 0.59% | 0.69% | 0.71% | 0.87% | 0.95% |
| Seymour | 0.64% | 0.65% | 0.66% | 0.68% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Wright County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Wright 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 Wright 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 Wright 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. In Wright County, the city with the highest median tax bill is Marshfield at $607, while Niangua has the lowest median tax bill at $269. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wright County Assessed Value
$57,736
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wright County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Falcon | $17,184 | $31,512 | $58,500 | $109,881 | $152,573 |
| Graff | $16,842 | $35,368 | $61,368 | $115,973 | $168,105 |
| Grovespring | $11,136 | $26,684 | $51,842 | $96,842 | $147,337 |
| Hartville | $14,315 | $26,789 | $52,684 | $99,078 | $152,631 |
| Lynchburg | $17,847 | $29,631 | $71,105 | $109,881 | $170,120 |
| Macomb | $16,847 | $28,394 | $60,394 | $107,855 | $169,737 |
| Mansfield | $17,578 | $33,947 | $63,052 | $107,578 | $161,894 |
| Marshfield | N/A | N/A | N/A | N/A | N/A |
| Mountain Grove | $16,405 | $30,749 | $57,736 | $102,473 | $153,689 |
| Niangua | $7,462 | $21,934 | $45,315 | $92,118 | $129,684 |
| Norwood | $11,957 | $29,473 | $57,736 | $105,526 | $162,568 |
| Seymour | $15,499 | $33,329 | $71,263 | $115,407 | $164,378 |
Source: Ownwell
Property Tax Bills Across Wright County, Missouri
In Wright 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 Wright County is $57,736. Once the assessed value is determined, local tax rates are applied to calculate the final tax bill. These rates can vary depending on the specific location within the county. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate. For instance, in Wright County, the tax bill at the 25th percentile is $191, while at the 75th percentile, it rises to $629. The 90th percentile tax bill reaches $947. Homeowners in different cities within Wright County experience variations; for example, the highest median tax bill is in Marshfield at $607, whereas the lowest is in Niangua at $269. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential to understand how these taxes are calculated and their implications.
Average Wright County Tax Bill
$358
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wright County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Falcon | $108 | $199 | $357 | $649 | $900 |
| Graff | $119 | $211 | $360 | $599 | $924 |
| Grovespring | $73 | $162 | $320 | $569 | $860 |
| Hartville | $97 | $172 | $322 | $584 | $900 |
| Lynchburg | $111 | $188 | $408 | $656 | $963 |
| Macomb | $124 | $209 | $410 | $721 | $1,086 |
| Mansfield | $142 | $253 | $458 | $742 | $1,071 |
| Marshfield | N/A | N/A | N/A | N/A | N/A |
| Mountain Grove | $106 | $181 | $330 | $578 | $850 |
| Niangua | $59 | $138 | $269 | $542 | $791 |
| Norwood | $109 | $227 | $422 | $734 | $1,154 |
| Seymour | $99 | $234 | $486 | $741 | $1,084 |
Source: Ownwell