Smithville, Morgan County, Missouri Property Taxes

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

Median SMITHVILLE, MO effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median SMITHVILLE, MO home value: $3,600
Median annual SMITHVILLE, MO tax bill: $57, $2,343 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Smithville, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$57

$53

Ownwell’s Smithville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithville with just two data points. By entering your property's estimated assessed value, our calculator applies Smithville’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 Smithville, 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, this is the annual process in a nutshell.

Smithville in Morgan County, MO, has its own unique property tax rate, reflecting the local budgetary needs and property values. Missouri's median property tax rate stands at 1.59%, which is higher than the national median of 1.02%. This means that property owners in Missouri, including those in Smithville, typically pay more in property taxes compared to the average U.S. property owner. Comparing Smithville’s effective property tax rate to other cities in Missouri and the median rates in the state and the U.S. can provide valuable insights for property owners. Understanding these differences can be crucial for homeowners looking to manage their property tax liabilities effectively.

Property Tax Rates Across Smithville, 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 Smithville Tax Rate

1.59%

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 Smithville, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64089	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Smithville, Morgan County, Missouri

When examining property taxes in Smithville, 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. Morgan County 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 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 Smithville. For example, the median home price in Smithville is $3,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Smithville, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median Smithville Market Value

$3,600

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 Smithville, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64089	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Smithville, Morgan County, Missouri

In Smithville, 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 typically a percentage of the home's market value, which is determined by the local assessor. Despite the national median property tax bill being $2,400, homeowners in Smithville see a significantly lower tax bill, with the 25th, 75th, and 90th percentiles all at $57. This stark difference underscores the importance of understanding local property tax assessments and how they can impact homeowners differently than national averages suggest. For homeowners, a lower tax bill can mean more disposable income or the ability to invest in home improvements. However, it's crucial to ensure that the assessed value is accurate to avoid overpaying. Ownwell can assist homeowners in Smithville by reviewing their property assessments and filing appeals if necessary, potentially reducing their tax burden and ensuring they only pay what is fair.

Property Tax Bills Across Smithville, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median Smithville Tax Bill

$57

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Smithville, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64089	N/A	N/A	N/A	N/A	N/A

Source: Ownwell