Iron County, Missouri Property Taxes

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

Median Iron County effective property tax rate: 0.89%, significantly lower than the national median of 1.02%.
Median Iron County home value: $27,010
Median annual Iron County tax bill: $232, $2,168 lower than the national median property tax bill of $2,400.

How are property taxes in Iron County calculated?

Property taxes in Iron County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Ironton or another part of Iron County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Iron County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$240

$223

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

Property Tax Rates Across Iron County, Missouri

Local government entities set tax rates, which can vary widely within a state. This variation is 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

Below, you can compare Iron County's effective property tax rate to other counties in Missouri or the U.S. median property tax rate. Iron County has a median property tax rate of 0.89%, which is below the national median of 1.02%. Comparatively, Annapolis in Missouri has the highest median tax rate in the state at 0.97%, while Arcadia boasts the lowest at 0.84%. These figures illustrate the diversity in tax rates within Missouri, offering opportunities for property owners to understand and potentially appeal their property taxes.

Property Tax Rates Across Iron County, Missouri

Source: Ownwell

0.84%

0.91%

0.97%

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 Iron County Tax Rate

0.89%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Iron County, Missouri

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Annapolis	0.84%	0.94%	0.97%	0.98%	0.99%
Arcadia	0.82%	0.83%	0.84%	0.88%	0.89%
Belleview	0.63%	0.82%	0.88%	0.88%	0.92%
Bismarck	0.82%	0.85%	0.88%	0.95%	0.97%
Bixby	0.84%	0.93%	0.96%	0.96%	0.96%
Black	0.71%	0.84%	0.89%	0.93%	0.96%
Lesterville	0.80%	0.84%	0.90%	0.97%	0.98%
Pilot Knob	0.88%	0.89%	0.89%	0.89%	0.89%
Steelville	0.79%	0.81%	0.89%	0.91%	0.91%
Viburnum	0.91%	0.91%	0.91%	0.91%	0.92%
Vulcan	0.62%	0.91%	0.96%	0.98%	0.98%
Boss	N/A	N/A	N/A	N/A	N/A
Caledonia	N/A	N/A	N/A	N/A	N/A
Des Arc	N/A	N/A	N/A	N/A	N/A
Ironton	N/A	N/A	N/A	N/A	N/A
Middle Brook	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Iron County, Missouri

When examining property taxes in Iron County, 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 Iron 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 are sent in the spring each year, typically reaching 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 Iron County.

For example, the median tax bill in Iron County is $681, with tax bills ranging significantly across the county. Bismarck has the highest median home price at $78,120.

Property Tax Assessment Values Across Iron County, Missouri

Source: Ownwell

$18,550

$48,335

$78,120

Median Iron County Market Value

$27,010

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Iron County, Missouri

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Annapolis	$1,467	$4,698	$27,525	$64,645	$98,764
Arcadia	$1,452	$13,632	$58,425	$92,522	$132,254
Belleview	$2,185	$12,690	$40,560	$74,982	$124,005
Bismarck	$14,950	$35,800	$78,120	$121,520	$165,378
Bixby	$2,031	$8,400	$31,490	$60,855	$83,599
Black	$2,936	$14,300	$48,550	$79,340	$103,222
Lesterville	$3,363	$6,862	$18,550	$46,230	$95,526
Pilot Knob	$2,062	$8,315	$37,605	$63,330	$97,272
Steelville	$16,550	$35,390	$59,100	$67,800	$81,680
Viburnum	$1,300	$3,690	$37,490	$59,390	$77,680
Vulcan	$1,460	$10,075	$32,120	$77,100	$100,100
Boss	N/A	N/A	N/A	N/A	N/A
Caledonia	N/A	N/A	N/A	N/A	N/A
Des Arc	N/A	N/A	N/A	N/A	N/A
Ironton	N/A	N/A	N/A	N/A	N/A
Middle Brook	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Iron County, Missouri

In Iron County, MO, property tax bills are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in the county is $27,010, which is significantly lower than the national average. Homeowners in Iron County can expect their tax bills to vary considerably. For instance, those in the 25th percentile have a tax bill of around $18, while those in the 75th percentile pay about $574. At the 90th percentile, the tax bill rises to approximately $892. The highest median tax bill in the county is found in Bismarck, at $681, whereas Lesterville boasts the lowest median tax bill at $166. These figures highlight the variation in property tax burdens within the county. Compared to the national median property tax rate of 1.02%, Iron County homeowners generally face lower property tax bills, which can be a financial relief. However, the lower property values also reflect the economic challenges in the area.

Property Tax Bills Across Iron County, Missouri

Source: Ownwell

$166

$424

$681

Median Iron County Tax Bill

$232

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Iron County, Missouri

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Annapolis	$13	$41	$243	$612	$947
Arcadia	$11	$103	$489	$788	$1,151
Belleview	$18	$101	$351	$653	$1,030
Bismarck	$151	$331	$681	$1,074	$1,582
Bixby	$19	$68	$301	$568	$724
Black	$24	$128	$459	$736	$924
Lesterville	$31	$63	$166	$420	$845
Pilot Knob	$18	$74	$335	$562	$865
Steelville	$106	$323	$505	$583	$651
Viburnum	$12	$33	$336	$541	$709
Vulcan	$10	$90	$306	$719	$916
Boss	N/A	N/A	N/A	N/A	N/A
Caledonia	N/A	N/A	N/A	N/A	N/A
Des Arc	N/A	N/A	N/A	N/A	N/A
Ironton	N/A	N/A	N/A	N/A	N/A
Middle Brook	N/A	N/A	N/A	N/A	N/A

Source: Ownwell