Fair Play, Morgan County, Missouri Property Taxes

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

Median Fair Play, MO effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Fair Play, MO home value: $4,200
Median annual Fair Play, MO tax bill: $36, $2,364 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Fair Play, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$37

$34

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

Property Tax Rates Across Fair Play, Morgan County, Missouri

Local government entities in Missouri set tax rates, which can vary widely within the 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 Fair Play’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.

Fair Play, located in Morgan County, has a median property tax rate of 0.87%, which is lower than the national median property tax rate of 1.02%. This means homeowners in Fair Play typically pay less in property taxes compared to the national average. Understanding these rates can be crucial for homeowners when budgeting for annual expenses. Whether you're considering an appeal or seeking exemptions, knowing how your local rates compare can help you make informed decisions about your property taxes.

Property Tax Rates Across Fair Play, Morgan County, Missouri

Source: Ownwell

0.69%

1.35%

2.01%

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 Fair Play Tax Rate

0.87%

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 Fair Play, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65649	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fair Play, Morgan County, Missouri

When examining property taxes in Fair Play, 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 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 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 Fair Play. For example, the median home price in Fair Play is $4,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fair Play, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median Fair Play Market Value

$4,200

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 Fair Play, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65649	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fair Play, Morgan County, Missouri

In Fair Play, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. In Morgan County, where Fair Play is located, the median home price is significantly lower than the national average, resulting in a median property tax bill that's also considerably lower than the national median of $2,400. Despite the lower tax bills, homeowners in Fair Play can still face challenges if their property is over-assessed, leading to higher-than-necessary taxes. Factors such as recent home improvements, neighborhood changes, and market fluctuations can impact assessed values, potentially increasing tax burdens. Ownwell provides property tax appeal services that can help homeowners in Fair Play reduce their tax bills. By analyzing property assessments and market data, Ownwell identifies discrepancies and advocates for fairer assessments, potentially saving homeowners money. With expertise in local tax regulations, Ownwell ensures homeowners pay only their fair share, alleviating financial strain and maximizing savings.

Property Tax Bills Across Fair Play, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median Fair Play Tax Bill

$36

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Fair Play, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65649	N/A	N/A	N/A	N/A	N/A

Source: Ownwell