Gravois Mills, Morgan County, Missouri Property Taxes

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

Median Gravois Mills, MO effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Gravois Mills, MO home value: $141,650
Median annual Gravois Mills, MO tax bill: $1,210, $1,190 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Gravois Mills, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$1,204

$1,117

Ownwell’s Gravois Mills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gravois Mills with just two data points. By entering your property's estimated assessed value, our calculator applies Gravois Mills’ 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 Gravois Mills, 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, resulting 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 Gravois Mills, located in Morgan County, Missouri, the effective property tax rate is an intriguing point of comparison. With a median tax rate of 0.85%, it stands below the national median property tax rate of 1.02%. This makes Gravois Mills an attractive option for property owners looking for lower tax liabilities. The uniformity of the tax rate across the zip code 65037 suggests a stable taxation environment. While Missouri's median property tax rate is generally lower than the national average, Gravois Mills offers even more favorable conditions for homeowners. This can be a significant factor for those considering relocation or investment in property, as lower tax rates can lead to substantial savings over time.

Property Tax Rates Across Gravois Mills, 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 Gravois Mills Tax Rate

0.85%

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 Gravois Mills, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65037	0.84%	0.85%	0.85%	0.89%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Gravois Mills, Morgan County, Missouri

When examining property taxes in Gravois Mills, 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.

Assessment notices: In Morgan 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 Gravois Mills.

For example, the median home price in Gravois Mills is $141,650, with tax bills ranging significantly across the county. The 65037 zip code has the highest median home price at $141,650.

Property Tax Assessment Values Across Gravois Mills, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median Gravois Mills Market Value

$141,650

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 Gravois Mills, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65037	$15,600	$58,475	$141,650	$217,825	$306,500

Source: Ownwell

Property Tax Bills Across Gravois Mills, Morgan County, Missouri

In Gravois Mills, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Homeowners in Gravois Mills experience varying tax bills, with the 25th percentile paying around $486, while those at the 90th percentile pay approximately $2,646. The median home price in the area is $141,650, which influences the assessed value and, subsequently, the tax bill. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Gravois Mills homeowners may find themselves paying a relatively lower amount. However, property taxes can still be a significant expense.

Ownwell assists homeowners by providing property tax appeal and exemption services, helping to ensure that they are not overpaying. By leveraging expertise in local tax regulations and assessment practices, Ownwell can help homeowners potentially reduce their property tax bills, offering financial relief and peace of mind.

Property Tax Bills Across Gravois Mills, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median Gravois Mills Tax Bill

$1,210

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Gravois Mills, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65037	$131	$486	$1,210	$1,879	$2,646

Source: Ownwell