Gallatin, Daviess County, Missouri Property Taxes

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

Median Gallatin, MO effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Gallatin, MO home value: $76,650
Median annual Gallatin, MO tax bill: $981, $1,419 lower than the national median property tax bill of $2,400.

How are property taxes in Daviess County calculated?

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

Last Updated March 1, 2025

Gallatin, Daviess County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$943

$875

Ownwell’s Gallatin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gallatin with just two data points. By entering your property's estimated assessed value, our calculator applies Gallatin’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 Daviess County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gallatin, Daviess County, Missouri

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 Gallatin’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S. Missouri has a median property tax rate of 1.23%, which is above the national median of 1.02%. This means that property owners in Gallatin might pay more in property taxes compared to the national average. However, understanding these rates and how they are determined can help homeowners make informed decisions and potentially save money on their property tax bills.

Property Tax Rates Across Gallatin, Daviess County, Missouri

Source: Ownwell

1.20%

1.41%

1.61%

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 Gallatin Tax Rate

1.23%

Median Effective Daviess County Tax Rate

1.28%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gallatin, Daviess County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64640	1.08%	1.16%	1.23%	1.40%	1.40%

Source: Ownwell

Property Tax Assessment Values Across Gallatin, Daviess County, Missouri

When examining property taxes in Gallatin, 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 Daviess 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 Daviess County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Gallatin.

For example, the median home price in Gallatin is $76,650, with tax bills ranging significantly across the county. Zip code 64640 has the highest median home price at $76,650.

Property Tax Assessment Values Across Gallatin, Daviess County, Missouri

Source: Ownwell

$25,300

$65,023

$104,745

Median Gallatin Market Value

$76,650

Median Daviess County Market Value

$66,100

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gallatin, Daviess County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64640	$22,865	$42,232	$76,650	$153,198	$255,555

Source: Ownwell

Property Tax Bills Across Gallatin, Daviess County, Missouri

In Gallatin, located in Daviess County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of the home's market value. The median home price in Gallatin is $76,650, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Gallatin typically see a tax bill ranging from $544 at the 25th percentile to $3,039 at the 90th percentile. The median tax bill is $981, which is notably lower than the national median property tax bill of $2,400. This lower tax burden can be an advantage for homeowners, but it also means that any increase in property taxes can have a significant impact. Ownwell assists homeowners in Gallatin by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills, ensuring they are not overpaying and can enjoy greater savings.

Property Tax Bills Across Gallatin, Daviess County, Missouri

Source: Ownwell

$407

$859

$1,311

Median Gallatin Tax Bill

$981

Median Daviess County Tax Bill

$845

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Gallatin, Daviess County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64640	$270	$544	$981	$1,863	$3,039

Source: Ownwell