Monett, Barry County, Missouri Property Taxes
Median Monett, MO effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the MO state median of 1.20%.
Median Monett, MO home value: $70,500
Median annual Monett, MO tax bill: $562, $1,838 lower than the national median property tax bill of $2,400.
How are property taxes in Barry County calculated?
Property taxes in Monett, 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 Monett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monett, Barry County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$592
$550
Property Tax Rates Across Monett, Barry 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, in a nutshell, this is the annual process.
Monett, located in Barry County, Missouri, has an effective property tax rate that stands at 0.84%. This rate is lower than the national median property tax rate of 1.02%, offering a more affordable option for homeowners in comparison to the national average. Missouri's property tax rates can fluctuate significantly across different regions, but Monett's rate remains consistent with the state median. The stability of Monett's property tax rate provides a sense of predictability for residents, making it an attractive location for prospective homeowners.
Comparing Monett’s effective property tax rate to other cities in Missouri and the U.S. highlights its competitive position in the real estate market. With property tax rates being a crucial factor in homeownership costs, Monett presents a compelling case for those seeking affordable living.
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 Monett Tax Rate
0.84%
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 Barry County Tax Rate
0.86%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monett, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65708 | 0.79% | 0.82% | 0.84% | 0.85% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Monett, Barry County, Missouri
When examining property taxes in Monett, 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 Barry 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 Barry 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 Monett. For example, the median home price in Monett is $70,500, with tax bills ranging significantly across the county. Zip code 65708 has the highest median home price at $70,500.
Property Tax Assessment Values Across Monett, Barry County, Missouri
Source: Ownwell
$50,300
$82,200
$114,100
Median Monett Market Value
$70,500
Median Barry County Market Value
$82,200
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monett, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65708 | $28,300 | $41,000 | $70,500 | $134,800 | $206,880 |
Source: Ownwell
Property Tax Bills Across Monett, Barry County, Missouri
Median Monett Tax Bill
$562
Median Barry County Tax Bill
$696
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Monett, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65708 | $216 | $329 | $562 | $1,100 | $1,797 |
Source: Ownwell