Mountain Grove, Wright County, Missouri Property Taxes
Median Mountain Grove, MO effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Mountain Grove, MO home value: $57,736
Median annual Mountain Grove, MO tax bill: $330, $2,070 lower than the national median property tax bill of $2,400.
How are property taxes in Wright calculated?
Property taxes in Mountain Grove, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mountain Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mountain Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mountain Grove, Wright County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$318
$295
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, our calculator applies Mountain Grove’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wright County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mountain Grove, Wright County, Missouri
Local government entities are responsible for setting tax rates, and these can vary significantly within Missouri. Each county, including Wright County, estimates its required budget for public services annually. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While votes and laws play a role in determining these rates and budgets, this is the basic annual process.
In Mountain Grove, the effective property tax rate is 0.55%, which is notably lower than the national median property tax rate of 1.02%. This rate is consistent across Wright County, with both the highest and lowest median tax rates being 0.55% in the 65711 zip code. Compared to other cities in Missouri and the U.S., Mountain Grove offers a more affordable property tax rate, making it an attractive location for homeowners seeking lower property taxes. This lower rate can translate into significant savings, especially when compared to the national median property tax bill of $2,400.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mountain Grove Tax Rate
0.55%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wright County Tax Rate
0.60%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mountain Grove, Wright County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65711 | 0.54% | 0.55% | 0.55% | 0.59% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Grove, Wright County, Missouri
When examining property taxes in Mountain Grove, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wright County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Wright County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mountain Grove.
For example, the median home price in Mountain Grove is $57,736, with tax bills ranging significantly across the county. Zip code 65711 has the highest median home price at $57,736.
Property Tax Assessment Values Across Mountain Grove, Wright County, Missouri
Source: Ownwell
$45,315
$58,289
$71,263
Median Mountain Grove Market Value
$57,736
Median Wright County Market Value
$57,736
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mountain Grove, Wright County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65711 | $16,405 | $30,749 | $57,736 | $102,473 | $153,689 |
Source: Ownwell
Property Tax Bills Across Mountain Grove, Wright County, Missouri
Property tax bills in Mountain Grove, located in Wright County, MO, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. In this region, property tax bills can vary significantly, with the 25th percentile at $181 and the 75th percentile at $578. The median property tax bill is $330, which is considerably lower than the national median of $2,400. This can be attributed to the lower median home price in the area, which stands at $57,736.
For homeowners, property taxes are a crucial financial consideration, as they can impact overall housing affordability. Ownwell offers property tax appeal and exemption services, potentially lowering tax bills by ensuring that properties are not over-assessed. By leveraging expertise in local tax regulations and market trends, Ownwell can help homeowners in Mountain Grove save money and reduce the financial burden of property taxes, ensuring they pay only their fair share.
Median Mountain Grove Tax Bill
$330
Median Wright County Tax Bill
$358
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Mountain Grove, Wright County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65711 | $106 | $181 | $330 | $578 | $850 |
Source: Ownwell