Prairie Home, Moniteau County, Missouri Property Taxes

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

Median Prairie Home, MO effective property tax rate: 1.13%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Prairie Home, MO home value: $136,150
Median annual Prairie Home, MO tax bill: $1,659, $741 lower than the national median property tax bill of $2,400.

How are property taxes in Moniteau calculated?

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

Last Updated March 1, 2025

Prairie Home, Moniteau County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$1,552

$1,440

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

Property Tax Rates Across Prairie Home, Moniteau County, Missouri

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county calculates its budget needs annually to fund essential services and divides this amount by the total value of all taxable properties in its area, resulting in the property tax rate. While setting tax rates and budgets involves votes and legal procedures, this is the core of the annual process. Prairie Home in Moniteau County, Missouri, offers an interesting case for comparison. This city's effective property tax rate can be compared to other cities in Missouri and the median property tax rates in both the state and the U.S. Missouri's median tax rate is slightly higher than the national median of 1.02%, reflecting the diverse economic and service needs across different regions. Understanding these variations can help homeowners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Prairie Home, Moniteau County, Missouri

Source: Ownwell

0.85%

1.08%

1.32%

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 Prairie Home Tax Rate

1.14%

Median Effective Moniteau County Tax Rate

1.03%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prairie Home, Moniteau County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65068	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Prairie Home, Moniteau County, Missouri

When examining property taxes in Prairie Home, 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 Moniteau 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 Moniteau 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 Prairie Home. For example, the median home price in Prairie Home is $136,150, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Prairie Home, Moniteau County, Missouri

Source: Ownwell

$51,100

$92,800

$134,500

Median Prairie Home Market Value

$136,150

Median Moniteau County Market Value

$93,300

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prairie Home, Moniteau County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65068	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Prairie Home, Moniteau County, Missouri

In Prairie Home, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to determine the tax bill. Factors such as location, property size, and improvements can influence the assessed value. In Prairie Home, the median property tax bill is notably lower than the national median of $2,400, with a range between $1,422 and $3,755 for most homeowners. However, these taxes can still be a significant expense for many.

Homeowners in Prairie Home can benefit from Ownwell's expertise in property tax appeals and exemptions. By reviewing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners potentially reduce their tax bills. This service is especially beneficial in ensuring that homeowners are not overpaying on their property taxes, providing peace of mind and financial savings.

Property Tax Bills Across Prairie Home, Moniteau County, Missouri

Source: Ownwell

$705

$1,059

$1,412

Median Prairie Home Tax Bill

$1,674

Median Moniteau County Tax Bill

$1,072

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Prairie Home, Moniteau County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65068	N/A	N/A	N/A	N/A	N/A

Source: Ownwell