Gerald, Franklin County, Missouri Property Taxes
Median Gerald, MO effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Gerald, MO home value: $125,170
Median annual Gerald, MO tax bill: $1,274, $1,126 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Gerald, 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 Gerald’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gerald, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gerald, Franklin County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,164
$1,080
Property Tax Rates Across Gerald, Franklin County, Missouri
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 Gerald Tax Rate
0.93%
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 Franklin County Tax Rate
1.08%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gerald, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63037 | 0.87% | 0.91% | 0.93% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Gerald, Franklin County, Missouri
When examining property taxes in Gerald, 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 Franklin County Assessor's Office 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 Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Gerald.
For example, the median home price in Gerald is $125,170, with tax bills ranging significantly across the county. Zip code 63037 has the highest median home price at $125,170.
Property Tax Assessment Values Across Gerald, Franklin County, Missouri
Source: Ownwell
$94,900
$354,785
$614,670
Median Gerald Market Value
$125,170
Median Franklin County Market Value
$143,800
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gerald, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63037 | $29,283 | $85,675 | $125,170 | $172,368 | $232,561 |
Source: Ownwell
Property Tax Bills Across Gerald, Franklin County, Missouri
In Gerald, Franklin County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. This assessed value is typically a percentage of the market value of the property. Homeowners in Gerald face a median tax bill of $1,274, which is below the national median of $2,400. Factors influencing the tax bill include the home's market value and the local tax rate, which can vary based on county budgets and funding needs. For residents, this means that even slight changes in assessed value or tax rates can significantly impact their annual tax bill.
Ownwell offers a valuable service by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging local expertise and understanding of property tax laws, Ownwell can assist homeowners in potentially lowering their tax bills, ensuring they are not overpaying. This service can lead to significant savings, providing financial relief and peace of mind to homeowners in Gerald.
Median Gerald Tax Bill
$1,274
Median Franklin County Tax Bill
$1,687
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Gerald, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63037 | $620 | $967 | $1,274 | $1,709 | $2,233 |
Source: Ownwell