Mercer County, Missouri Property Taxes

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

Median Mercer County effective property tax rate: 1.37%, significantly higher than the national median of 1.02%.
Median Mercer County home value: $30,001
Median annual Mercer County tax bill: $364, $2,036 lower than the national median property tax bill of $2,400.

How are property taxes in Mercer County calculated?

Property taxes in Mercer 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 Princeton or another part of Mercer County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mercer County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$411

$381

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

Property Tax Rates Across Mercer County, Missouri

Local government entities set tax rates, which can vary widely within a 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, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process.

Mercer County's effective property tax rate is a notable example within Missouri. With a median tax rate of 1.37%, Mercer County stands above the national median property tax rate of 1.02%. The highest median tax rate in Mercer County is found in the city of Mercer at 1.38%, while Newtown offers the lowest at 1.09%. These rates illustrate the diversity within the county itself, as well as its standing compared to the national average. Understanding these figures can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Mercer County, Missouri

Source: Ownwell

1.09%

1.24%

1.38%

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 Mercer County Tax Rate

1.37%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mercer County, Missouri

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Cainsville	0.92%	0.92%	1.20%	1.41%	1.46%
Harris	0.93%	0.93%	1.16%	1.36%	1.43%
Mercer	0.89%	1.13%	1.38%	1.39%	1.39%
Newtown	0.93%	0.93%	1.09%	1.28%	1.48%
Spickard	0.92%	0.93%	1.15%	1.28%	1.44%
Powersville	N/A	N/A	N/A	N/A	N/A
Princeton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mercer County, Missouri

When examining property taxes in Mercer 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 Mercer 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 Mercer 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 Mercer County. For example, the median tax bill in Mercer County is $453.00, with tax bills ranging significantly across the county. Harris has the highest median home price at $53,363.00.

Property Tax Assessment Values Across Mercer County, Missouri

Source: Ownwell

$37,966

$45,665

$53,363

Median Mercer County Market Value

$30,001

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mercer County, Missouri

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Cainsville	$6,911	$17,252	$45,594	$85,478	$118,624
Harris	$9,655	$24,970	$53,363	$104,126	$169,853
Mercer	$3,645	$14,020	$37,908	$70,724	$134,915
Newtown	$15,406	$30,947	$52,803	$103,097	$927,921
Spickard	$15,024	$25,642	$46,661	$87,716	$123,387
Powersville	N/A	N/A	N/A	N/A	N/A
Princeton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mercer County, Missouri

Property tax bills in Mercer County, Missouri, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region can expect property tax bills that vary significantly, influenced by factors such as location and property value. For instance, the median home price in Mercer County is $30,001, and the tax rate applied to this assessed value determines the final tax bill. The tax bill at the 25th percentile is $97, while at the 75th percentile, it rises to $816, illustrating the range of tax obligations homeowners might face. At the 90th percentile, the tax bill can reach up to $1,530. In Mercer County, the highest median tax bill is $664 in Harris, while the lowest is $453 in Mercer. Compared to the national median property tax bill of $2,400, Mercer County offers relatively lower property tax burdens, which can be a significant factor for homeowners considering the affordability of living in this region.

Property Tax Bills Across Mercer County, Missouri

Source: Ownwell

$454

$559

$664

Median Mercer County Tax Bill

$364

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Mercer County, Missouri

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Cainsville	$75	$193	$539	$1,103	$1,654
Harris	$121	$256	$664	$1,404	$2,379
Mercer	$53	$181	$453	$867	$1,726
Newtown	$185	$324	$601	$1,456	$8,968
Spickard	$142	$314	$574	$963	$1,534
Powersville	N/A	N/A	N/A	N/A	N/A
Princeton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell