Richmond, Ray County, Missouri Property Taxes
Property Taxes in Richmond, Missouri
Median Richmond, Missouri effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, and higher than the Missouri state median of 1.25%.
Median Richmond, Missouri home value: $100,490
Median annual Richmond, Missouri tax bill: $1,300, lower by $1,100 than the national median property tax bill of $2,400.
How are property taxes in Ray calculated?
Property taxes in Richmond, Missouri 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 Richmond's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richmond, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Richmond, Ray County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$1,357
$1,259
How Does the Richmond Property Tax Calculator Work?
Use this Richmond property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Richmond's median effective tax rate of 1.35% — based on actual property records in Ray County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Richmond's median effective rate across local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Richmond: rates range from 1.35% in 64085 to 1.35% in 64085, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Richmond.
About Richmond Property Taxes
About Property Taxes in Richmond, Ray, Missouri
Richmond’s median effective property tax rate of 1.35% is higher than the Missouri state median of 1.25% and higher than the national median of 1.02%. This rate reflects the Ray County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Richmond. Homeowners in ZIP code 64085 carry a median effective rate of 1.35%, while those in the lowest ZIP also pay 1.35%. This reflects how school district boundaries and local assessment districts are drawn across Ray County. Understanding where you live in Richmond can still help you better estimate your annual tax bill.
Richmond homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before July 14, 2025.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Richmond, Ray County, Missouri
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Richmond's effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.
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 Richmond Tax Rate
1.35%
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 Ray County Tax Rate
1.35%
Median Effective Missouri Tax Rate
1.25%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richmond, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64085 | 1.12% | 1.17% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Richmond, Ray County, Missouri
When examining property taxes in Richmond, Missouri, 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 Ray County appraisal district 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 Ray County, assessment notices are sent in June each year. They'll typically reach your mailbox by the middle of June.
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 Richmond.
For example, the median home price in Richmond is $100,490, with tax bills ranging significantly across the county. 64085 has the highest median home price at $100,490.
Property Tax Assessment Values Across Richmond, Ray County, Missouri
Source: Ownwell
$36,360
$83,010
$129,660
Median Richmond Market Value
$100,490
Median Ray County Market Value
$107,860
Median Missouri Market Value
$136,526
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richmond, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64085 | $35,678 | $60,640 | $100,490 | $150,930 | $221,274 |
Source: Ownwell
Property Tax Bills Across Richmond, Ray County, Missouri
Property tax bills in Richmond are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. For homeowners, that means the bill is shaped by both the value of the home and the tax rate set by local taxing authorities. When assessed values rise, tax bills can increase even if the homeowner has not made any changes to the property.
In Richmond, the median home price is $100,490, and the median property tax bill is $1,300, which is below the national median property tax bill of $2,400. That lower bill can still vary widely from one home to another, with tax bills ranging from $786 at the 25th percentile to $1,909 at the 75th percentile and $2,751 at the 90th percentile. These differences show how location, valuation, and local tax rates can affect what homeowners pay each year.
Median Richmond Tax Bill
$1,300
Median Ray County Tax Bill
$1,480
Median Missouri Tax Bill
$1,684
Median United States Tax Bill
$2,400
Property Tax Bills Across Richmond, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64085 | $464 | $786 | $1,300 | $1,909 | $2,751 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 14 |
Links | |
|---|---|
| Ray Tax Assessor | |
| Website | ray.missouriassessors.com |