Galena, Stone County, Missouri Property Taxes
Median Galena, 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 Galena, MO home value: $54,950
Median annual Galena, MO tax bill: $513, $1,887 lower than the national median property tax bill of $2,400.
How are property taxes in Stone County calculated?
Property taxes in Galena, 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 Galena’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Galena, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Galena, Stone County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$511
$474
Property Tax Rates Across Galena, Stone 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. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Galena in Stone County, Missouri, offers a unique perspective on property tax rates. With an effective property tax rate of 0.93%, it stands below the national median of 1.02%. This rate reflects the county's approach to balancing budgetary needs with the property values in the area. By comparison, Missouri's median property tax rate aligns with Galena's, showcasing a consistent approach across the state.
For property owners in Galena, this means a more favorable property tax environment compared to many other parts of the country. Understanding these dynamics can empower property owners to make informed decisions about their investments and potential tax savings.
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 Galena 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 Stone County Tax Rate
0.93%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Galena, Stone County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65656 | 0.89% | 0.92% | 0.93% | 0.93% | 0.96% |
| 65737 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Galena, Stone County, Missouri
When examining property taxes in Galena, 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 Stone 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.
In Stone 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 Galena.
For example, the median home price in Galena is $54,950, with tax bills ranging significantly across the county. Zip code 65656 has the highest median home price at $55,000.
Property Tax Assessment Values Across Galena, Stone County, Missouri
Source: Ownwell
$16,000
$83,950
$151,900
Median Galena Market Value
$54,950
Median Stone County Market Value
$50,150
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Galena, Stone County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65656 | $8,400 | $22,700 | $55,000 | $108,800 | $173,460 |
| 65737 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Galena, Stone County, Missouri
In Galena, located in Stone County, MO, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area face a median property tax bill of $513, which is significantly lower than the national median of $2,400. The tax rate in Galena affects homeowners by determining their annual tax liability based on the assessed value of their property. Factors such as property size, location, and market conditions are considered in the assessment process.
For homeowners, understanding these factors is crucial, as they directly impact the amount owed. With property tax bills ranging from $209 at the 25th percentile to $1,608 at the 90th percentile, there is a wide variation in what homeowners pay. Ownwell offers valuable services to help homeowners in Galena potentially reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in ensuring their property assessments are fair and accurate, potentially leading to significant savings on their tax bills.
Median Galena Tax Bill
$513
Median Stone County Tax Bill
$460
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Galena, Stone County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65656 | $79 | $209 | $513 | $1,009 | $1,609 |
| 65737 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell