Ralls County, Missouri Property Taxes
Median Ralls County effective property tax rate: 0.98%, slightly lower than the national median of 1.02%.
Median Ralls County home value: $94,330
Median annual Ralls County tax bill: $888, $1,512 lower than the national median property tax bill of $2,400.
How are property taxes in Ralls County calculated?
Property taxes in Ralls County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in New London or another part of Ralls County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ralls County, Missouri Property Tax Bill Calculator
$100,000
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Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$924
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Property Tax Rates Across Ralls County, Missouri
Local government entities in Missouri set tax rates, which can vary widely across the state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Ralls County's effective property tax rate is an interesting point of comparison. The county's rate is slightly below the national median property tax rate of 1.02%. This can be favorable for property owners, providing potential savings compared to other regions. Within Missouri, tax rates can fluctuate significantly. For instance, Monroe City holds the highest median tax rate in the state, while Laddonia boasts the lowest. These variations underscore the importance of understanding local tax dynamics. By comparing Ralls County's rate to both state and national figures, property owners can gain valuable insights into their tax liabilities and explore opportunities for tax appeals or exemptions.
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 Ralls County Tax Rate
0.98%
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 Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ralls County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | 0.77% | 0.86% | 0.90% | 1.09% | 1.09% |
| Frankford | 0.76% | 0.83% | 0.90% | 0.94% | 0.95% |
| Hannibal | 0.98% | 1.02% | 1.02% | 1.02% | 1.13% |
| Laddonia | 0.63% | 0.84% | 0.89% | 0.90% | 0.94% |
| Monroe City | 0.99% | 1.06% | 1.06% | 1.06% | 1.06% |
| New London | 0.87% | 0.90% | 0.98% | 1.02% | 1.02% |
| Perry | 0.83% | 0.89% | 0.90% | 0.90% | 0.90% |
| Saverton | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Vandalia | 0.80% | 0.86% | 0.96% | 1.11% | 1.12% |
| Palmyra | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Ralls County, Missouri
When examining property taxes in Ralls County, 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 Ralls 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.
Assessment notices:
In Ralls County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Ralls County. For example, the median tax bill in Ralls County is $943, with tax bills ranging significantly across the county. Vandalia has the highest median home price at $130,900.
Median Ralls County Market Value
$94,330
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ralls County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | $22,154 | $37,630 | $69,870 | $122,520 | $196,196 |
| Frankford | $51,630 | $76,365 | $108,505 | $191,508 | $259,826 |
| Hannibal | $38,543 | $65,172 | $120,685 | $170,680 | $231,384 |
| Laddonia | $56,520 | $65,075 | $93,630 | $212,070 | $255,552 |
| Monroe City | $53,904 | $61,800 | $85,010 | $132,250 | $188,830 |
| New London | $37,697 | $61,612 | $99,130 | $155,520 | $219,848 |
| Perry | $30,545 | $46,415 | $77,545 | $126,210 | $194,205 |
| Saverton | $31,434 | $39,490 | $59,360 | $105,065 | $120,976 |
| Vandalia | $58,216 | $81,538 | $130,900 | $179,292 | $250,606 |
| Palmyra | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Ralls County, Missouri
In Ralls County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. This ensures that property taxes are based on the current market conditions, providing a fair assessment for homeowners. The median home price in Ralls County is $94,330, and the median property tax bill is notably lower than the national median, reflecting the region's lower property values.
Homeowners in Ralls County can expect tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $551, while the 75th percentile reaches up to $1,432. In Hannibal, the highest median tax bill is $1,231, whereas Saverton enjoys the lowest at $605. These variations are influenced by factors such as home location and market value. Lower tax bills can alleviate financial burdens for homeowners, making Ralls County an attractive place for those looking to manage their property expenses effectively.
Median Ralls County Tax Bill
$888
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Ralls County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | $230 | $372 | $641 | $1,057 | $1,668 |
| Frankford | $467 | $684 | $1,003 | $1,600 | $2,168 |
| Hannibal | $402 | $678 | $1,231 | $1,731 | $2,343 |
| Laddonia | $502 | $597 | $790 | $1,586 | $1,932 |
| Monroe City | $560 | $652 | $894 | $1,387 | $1,988 |
| New London | $363 | $582 | $917 | $1,498 | $2,025 |
| Perry | $271 | $412 | $689 | $1,113 | $1,614 |
| Saverton | $321 | $403 | $605 | $1,071 | $1,233 |
| Vandalia | $530 | $808 | $1,173 | $1,809 | $2,620 |
| Palmyra | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell