Drexel, Cass County, Missouri Property Taxes

Name: Property Tax Bills Across Drexel, Cass County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Drexel, MO effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Drexel, MO home value: $106,260
Median annual Drexel, MO tax bill: $1,359, $1,041 lower than the national median property tax bill of $2,400.

How are property taxes in Cass calculated?

Property taxes in Drexel, 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 Drexel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Drexel, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Drexel, Cass County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$1,413

$1,311

Ownwell’s Drexel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Drexel with just two data points. By entering your property's estimated assessed value, our calculator applies Drexel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cass County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Drexel, Cass County, Missouri

Local government entities in Missouri set tax rates, which can vary widely within the state. This variation occurs because each county annually 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Drexel, located in Cass County, the effective property tax rate stands at 1.33%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the county, as Drexel shares the same rate with other cities in Missouri. Comparing Drexel's rate to the national median property tax bill of $2400, residents may find their property tax responsibilities more substantial. Understanding these rates can help homeowners better manage their property tax obligations and explore potential appeal or exemption services to alleviate their tax burden.

Property Tax Rates Across Drexel, Cass County, Missouri

Source: Ownwell

1.15%

1.44%

1.73%

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 Drexel Tax Rate

1.33%

Median Effective Cass County Tax Rate

1.46%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Drexel, Cass County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64742	1.13%	1.21%	1.33%	1.33%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Drexel, Cass County, Missouri

When examining property taxes in Drexel, 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 Cass County Assessor 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 Cass 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 Drexel. For example, the median home price in Drexel is $106,260, with tax bills ranging significantly across the county. Zip code 64742 has the highest median home price at $106,260.

Property Tax Assessment Values Across Drexel, Cass County, Missouri

Source: Ownwell

$48,030

$329,300

$610,570

Median Drexel Market Value

$106,260

Median Cass County Market Value

$149,060

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Drexel, Cass County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64742	$45,762	$70,255	$106,260	$157,405	$222,836

Source: Ownwell

Property Tax Bills Across Drexel, Cass County, Missouri

In Drexel, located in Cass County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, understanding this process is crucial as it directly impacts their annual expenses. The assessed value, combined with the local tax rate, determines the property tax bill. In Drexel, the median property tax bill stands at $1,359, which is notably below the national median of $2,400. This suggests that Drexel homeowners enjoy relatively lower property tax costs. However, tax bills can vary significantly, with amounts ranging from $925 at the 25th percentile to $2,808 at the 90th percentile. Such variations can be attributed to differences in property values and specific local tax rates. Homeowners in Drexel can benefit from Ownwell's expertise to potentially reduce their property tax bills. By appealing the assessed value or identifying applicable exemptions, Ownwell helps homeowners ensure they are not overpaying, providing valuable savings and peace of mind.

Property Tax Bills Across Drexel, Cass County, Missouri

Source: Ownwell

$726

$5,258

$9,789

Median Drexel Tax Bill

$1,359

Median Cass County Tax Bill

$2,217

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Drexel, Cass County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64742	$603	$925	$1,359	$1,972	$2,808

Source: Ownwell