Barnett, Morgan County, Missouri Property Taxes
Median Barnett, MO effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Barnett, MO home value: $92,450
Median annual Barnett, MO tax bill: $770, $1,630 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Barnett, 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 Barnett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Barnett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Barnett, Morgan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$832
$772
Property Tax Rates Across Barnett, Morgan County, Missouri
Local government entities set tax rates, which can vary widely within a state. 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.
In Barnett, located in Morgan County, MO, the effective property tax rate stands at 0.90%. This rate is notably below the national median property tax rate of 1.02%. This lower rate can translate into significant savings for property owners compared to other regions across the United States. When compared to the statewide median, Barnett’s rate is also aligned, as Morgan County has one of the lowest median tax rates in Missouri. This consistency in tax rates within the county offers a stable and predictable environment for property owners. Overall, Barnett's attractive property tax rate makes it a compelling choice for those looking to optimize their property-related expenses.
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 Barnett Tax Rate
0.90%
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 Morgan County Tax Rate
0.87%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Barnett, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65011 | 0.71% | 0.77% | 0.90% | 0.96% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Barnett, Morgan County, Missouri
When examining property taxes in Barnett, 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 Morgan 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 Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Barnett. For example, the median home price in Barnett is $92,450, with tax bills ranging significantly across the county. Zip code 65011 has the highest median home price at $92,450.
Property Tax Assessment Values Across Barnett, Morgan County, Missouri
Source: Ownwell
$1,750
$74,875
$148,000
Median Barnett Market Value
$92,450
Median Morgan County Market Value
$49,350
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Barnett, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65011 | $14,130 | $38,750 | $92,450 | $167,625 | $261,230 |
Source: Ownwell
Property Tax Bills Across Barnett, Morgan County, Missouri
Median Barnett Tax Bill
$770
Median Morgan County Tax Bill
$420
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Barnett, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65011 | $124 | $335 | $770 | $1,395 | $2,215 |
Source: Ownwell