Iberia, Miller County, Missouri Property Taxes

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

Median Iberia, MO effective property tax rate: 1.02%, matching the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Iberia, MO home value: $68,990
Median annual Iberia, MO tax bill: $749, $1,651 lower than the national median property tax bill of $2,400.

How are property taxes in Miller calculated?

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

Last Updated March 1, 2025

Iberia, Miller County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$704

$653

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

Property Tax Rates Across Iberia, Miller 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 Iberia’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.

Property Tax Rates Across Iberia, Miller County, Missouri

Source: Ownwell

0.84%

0.98%

1.12%

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 Iberia Tax Rate

1.02%

Median Effective Miller County Tax Rate

0.00%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Iberia, Miller County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65486	0.96%	1.01%	1.02%	1.02%	1.04%

Source: Ownwell

Property Tax Assessment Values Across Iberia, Miller County, Missouri

When examining property taxes in Iberia, 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 Miller 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 Miller 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 Iberia.

For example, the median home price in Iberia is $68,990, with tax bills ranging significantly across the county. Zip code 65486 has the highest median home price at $68,990.

Property Tax Assessment Values Across Iberia, Miller County, Missouri

Source: Ownwell

$63,700

$125,308

$186,915

Median Iberia Market Value

$68,990

Median Miller County Market Value

$89,070

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Iberia, Miller County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65486	$21,810	$38,810	$68,990	$115,270	$167,730

Source: Ownwell

Property Tax Bills Across Iberia, Miller County, Missouri

In Iberia, located in Miller County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Iberia is $68,990, with property tax bills ranging from $547 at the 25th percentile to $1,654 at the 90th percentile. The median property tax bill in this area is $749, which is significantly lower than the national median of $2,400. This is due to the relatively low property tax rate in this region. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For homeowners, these taxes can represent a significant expense, impacting their overall financial well-being. Ownwell can assist homeowners in Iberia by reviewing their property assessments and identifying potential errors or discrepancies. By filing appeals and seeking exemptions, Ownwell helps ensure that homeowners are not overpaying, potentially saving them hundreds of dollars on their property tax bills.

Property Tax Bills Across Iberia, Miller County, Missouri

Source: Ownwell

$639

$1,207

$1,774

Median Iberia Tax Bill

$749

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Iberia, Miller County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65486	$374	$547	$749	$1,009	$1,654

Source: Ownwell