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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Ray County, Missouri

Ray County has an effective property tax rate of 0.80%. On the median home value of $198,800, that's roughly $1,594 per year. Median household income is $74,573.

Effective Property Tax Rate1
0.80%
median tax $1,594 ÷ median home $198,800
Median Home Value1
$198,800
owner-occupied
Median Household Income1
$74,573
per-capita $38,510
Est. Annual Tax on Median Home1
$1,594
at 0.80% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricRay CountyMissouri (state context)
Effective property tax rate10.80%0.70%
Median home value1$198,800—
State income tax3top rate 4.80%top rate 4.80%
State sales tax38.44% combined8.44% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Ray County, MO

In Ray County, Missouri, the median home value of $198,800 carries an annual real-estate tax bill of about $1,594, based on an effective rate of 0.802%. That rate sits above Missouri's statewide median of 0.705% and ranks 27th among the state's 115 counties, though it lands just slightly above the national median of 0.794%. For buyers weighing affordability, the combination matters: incomes here are fairly strong, with a median household income of $74,573 and per-capita income of $38,510, so the yearly tax obligation stays within reach for many households. Communities such as Richmond, along with Henrietta and Rayville, offer small-town living at price points well below what many metro areas command. Someone moving here would find that housing costs and the resulting tax bills compare favorably against pricier markets, even if the county's rate edges past Missouri's average.

Frequently asked questions

What is the property tax rate in Ray County, MO?
The effective rate is 0.80% — meaning the median tax bill equals about 0.80% of the median home value.
How much are property taxes on a median home?
On the median home ($198,800), the estimated annual bill is about $1,594.
Is Ray County's rate high or low?
Compare it to the state median of 0.70% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Ray County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Ray County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.