Knox City, Knox County, Missouri Property Taxes

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

Median KNOX CITY, MO effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the MO state median of 1.20%.
Median KNOX CITY, MO home value: $30,785
Median annual KNOX CITY, MO tax bill: $247, $2,153 lower than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Knox City, Knox County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$225

$209

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

Property Tax Rates Across Knox City, Knox County, Missouri

Local government entities set tax rates, which can vary widely within a state. 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 Knox City's effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.

Knox City, located in Knox County, Missouri, stands out with its effective property tax rate of 0.73%. This rate is notably lower than the national median property tax rate of 1.02%, making it an attractive location for homeowners seeking lower property tax burdens. Compared to other areas within Missouri, Knox City's property tax rate is consistent with the state's median, offering residents a balanced approach to property taxation. With the national median property tax bill at $2,400, homeowners in Knox City benefit from a more affordable tax environment, potentially easing the financial responsibilities associated with homeownership.

Property Tax Rates Across Knox City, Knox County, Missouri

Source: Ownwell

0.69%

0.81%

0.92%

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 Knox City Tax Rate

0.73%

Median Effective Knox County Tax Rate

0.72%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Knox City, Knox County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63446	0.69%	0.69%	0.73%	1.03%	1.10%

Source: Ownwell

Property Tax Assessment Values Across Knox City, Knox County, Missouri

When examining property taxes in Knox City, 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 Knox 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.

In Knox County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Knox City.

For example, the median home price in Knox City is $30,785, with tax bills ranging significantly across the county. Zip code 63446 has the highest median home price at $30,785.

Property Tax Assessment Values Across Knox City, Knox County, Missouri

Source: Ownwell

$20,440

$28,380

$36,320

Median Knox City Market Value

$30,785

Median Knox County Market Value

$29,820

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Knox City, Knox County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63446	$4,909	$14,355	$30,785	$62,580	$122,906

Source: Ownwell

Property Tax Bills Across Knox City, Knox County, Missouri

In Knox City, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and local government budgets influence the assessed value and tax rate. With a median home price of $30,785, homeowners in Knox City often see tax bills that can vary significantly. For instance, the 25th percentile tax bill is $113, while the 75th percentile reaches $535, and the 90th percentile can be as high as $1,021. Compared to the national median property tax bill of $2,400, Knox City's rates are relatively low. However, any tax bill can impact a homeowner's finances. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering tax bills by ensuring properties are not over-assessed. By leveraging local tax laws and assessment data, Ownwell helps clients achieve considerable savings.

Property Tax Bills Across Knox City, Knox County, Missouri

Source: Ownwell

$166

$248

$330

Median Knox City Tax Bill

$247

Median Knox County Tax Bill

$245

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Knox City, Knox County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63446	$37	$113	$247	$535	$1,021

Source: Ownwell