Raytown, Morgan County, Missouri Property Taxes

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

Median Raytown, MO effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%. Median Raytown, MO home value: $76,900. Median annual Raytown, MO tax bill: $732, $1,668 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan calculated?

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

Last Updated March 1, 2025

Raytown, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$677

$628

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

Property Tax Rates Across Raytown, 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 Raytown, located in Jackson County, Missouri, the effective property tax rate is 1.27%, which is above both the state median of 0.91% and the national median of 1.02%. This means that Raytown residents face higher property taxes compared to many other areas in Missouri and across the country. The median property tax bill in Raytown is $1,650, which is below the national median of $2,400. While the tax rate is higher, the lower property values in the area contribute to a more manageable tax bill compared to the national average. Understanding these figures is crucial for property owners in Raytown when planning their finances and considering property investments.

Property Tax Rates Across Raytown, 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 Raytown Tax Rate

0.88%

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 Raytown, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64133	N/A	N/A	N/A	N/A	N/A
64138	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Raytown, Morgan County, Missouri

When examining property taxes in Raytown, Missouri, 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 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 April. 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 Raytown. For example, the median home price in Raytown is $76,900, with tax bills ranging significantly across the county. 64133 has the highest median home price at $76,900.

Property Tax Assessment Values Across Raytown, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median Raytown Market Value

$76,900

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 Raytown, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64133	N/A	N/A	N/A	N/A	N/A
64138	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Raytown, Morgan County, Missouri

In Raytown, located in Morgan County, Missouri, property tax bills are calculated based on the assessed value of a home. The median home price in Raytown is $76,900. Homeowners in this area experience tax bills that vary significantly, with the 25th percentile at $104 and the 90th percentile reaching $1,421. These variations highlight the impact of local assessment practices and tax rates. Compared to the national median property tax bill of $2,400, Raytown's tax bills can be considerably lower, offering some relief to homeowners. However, those in the higher tax brackets may still face substantial financial burdens. Ownwell provides valuable services to homeowners by identifying opportunities for property tax appeals and exemptions. By analyzing local assessment data and ensuring accurate property valuations, Ownwell helps homeowners potentially reduce their tax bills. This assistance can lead to significant savings, making homeownership more affordable and financially manageable in Raytown.

Property Tax Bills Across Raytown, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median Raytown Tax Bill

$732

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Raytown, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64133	N/A	N/A	N/A	N/A	N/A
64138	N/A	N/A	N/A	N/A	N/A

Source: Ownwell