O Fallon, Morgan County, Missouri Property Taxes

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

Median O'Fallon, 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 O'Fallon, MO home value: $57,400
Median annual O'Fallon, MO tax bill: $489, $1,911 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan calculated?

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

Last Updated March 1, 2025

O Fallon, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$494

$458

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

Property Tax Rates Across O Fallon, Morgan 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In O'Fallon, located in St. Charles County, Missouri, property owners experience a unique tax landscape. O'Fallon's effective property tax rate is a key figure of interest for homeowners. When compared to other cities in Missouri, O'Fallon presents a competitive rate. The median property tax rate in Missouri is 0.85%, which is below the national median of 1.02%. This offers property owners in O'Fallon a financial advantage. Additionally, Missouri's median property tax bill is more affordable than the national median of $2,400. By understanding these tax dynamics, property owners in O'Fallon can better navigate their financial obligations and potentially save on their property taxes.

Property Tax Rates Across O Fallon, Morgan County, Missouri

Source: Ownwell

0.71%

1.36%

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 O Fallon Tax Rate

0.86%

Median Effective Morgan County Tax Rate

0.89%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across O Fallon, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63366	N/A	N/A	N/A	N/A	N/A
63368	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across O Fallon, Morgan County, Missouri

When examining property taxes in O FALLON, 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. 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 O FALLON. For example, the median home price in O FALLON is $57,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across O Fallon, Morgan County, Missouri

Source: Ownwell

$1,750

$74,800

$147,850

Median O Fallon Market Value

$57,400

Median Morgan County Market Value

$49,400

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across O Fallon, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63366	N/A	N/A	N/A	N/A	N/A
63368	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across O Fallon, Morgan County, Missouri

In O'Fallon, located in Morgan County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the local assessor. For homeowners, this means that any increase in the market value of their home could lead to a higher property tax bill. In O'Fallon, the tax bill at the 25th percentile is $46, while the 75th percentile is $1,375, and the 90th percentile reaches $1,696. These figures indicate a wide range of tax burdens, reflecting differences in property values and assessments. Compared to the national median property tax bill of $2,400, homeowners in O'Fallon may experience lower tax bills. However, this doesn't mean savings can't be achieved. Ownwell offers professional property tax appeal and exemption services that can help homeowners potentially reduce their tax bills by ensuring their property is assessed fairly and taking advantage of available exemptions.

Property Tax Bills Across O Fallon, Morgan County, Missouri

Source: Ownwell

$15

$673

$1,330

Median O Fallon Tax Bill

$491

Median Morgan County Tax Bill

$428

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across O Fallon, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63366	N/A	N/A	N/A	N/A	N/A
63368	N/A	N/A	N/A	N/A	N/A

Source: Ownwell