Grain Valley, Jackson County, Missouri Property Taxes
Median Grain Valley, MO effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Grain Valley, MO home value: $185,000
Median annual Grain Valley, MO tax bill: $3,169, $769 higher than the national median property tax bill of $2,400.
How are property taxes in Jackson calculated?
Property taxes in Grain Valley, 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 Grain Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grain Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grain Valley, Jackson County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.72%
Estimate Property Tax Bill
$3,182
$2,953
Property Tax Rates Across Grain Valley, Jackson County, Missouri
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This calculation involves votes and laws, but in a nutshell, this is the annual process.
GRAIN VALLEY in Jackson County, MO, has an effective property tax rate of 1.72%, which is notably higher than the national median of 1.02%. This places it among the higher brackets when compared to other cities in Missouri and across the United States. While the national median property tax bill is around $2400, the rates in GRAIN VALLEY suggest a higher financial obligation for homeowners.
Understanding these rates can be crucial for property owners when budgeting for annual expenses or considering a move. The effective tax rate can impact overall affordability, making it an important factor in property-related decisions. Comparing GRAIN VALLEY's tax rate to those in other regions can provide valuable insights for potential buyers and current residents alike.
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 Grain Valley Tax Rate
1.72%
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 Jackson County Tax Rate
1.56%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grain Valley, Jackson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64029 | 1.49% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Grain Valley, Jackson County, Missouri
When examining property taxes in Grain Valley, 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 Jackson 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 Jackson 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 Grain Valley.
For example, the median home price in Grain Valley is $185,000, with tax bills ranging significantly across the county. Zip code 64029 has the highest median home price at $185,000.
Property Tax Assessment Values Across Grain Valley, Jackson County, Missouri
Source: Ownwell
$23,000
$198,750
$374,500
Median Grain Valley Market Value
$185,000
Median Jackson County Market Value
$127,000
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grain Valley, Jackson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64029 | $109,000 | $150,000 | $185,000 | $245,000 | $315,000 |
Source: Ownwell
Property Tax Bills Across Grain Valley, Jackson County, Missouri
Median Grain Valley Tax Bill
$3,169
Median Jackson County Tax Bill
$2,070
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Grain Valley, Jackson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64029 | $1,877 | $2,566 | $3,169 | $4,048 | $5,271 |
Source: Ownwell