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Morrisville, Polk County, Missouri Property Taxes

  • Median Morrisville, MO effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
  • Median Morrisville, MO home value: $39,654
  • Median annual Morrisville, MO tax bill: $362, $2,038 lower than the national median property tax bill of $2,400.

How are property taxes in Polk calculated?

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

Last Updated March 1, 2025

Morrisville, Polk County, Missouri Property Tax Bill Calculator

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Median Effective Tax Rate

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Ownwell’s Morrisville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morrisville with just two data points.

By entering your property's estimated assessed value, our calculator applies Morrisville’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 Polk County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Morrisville, Polk County, Missouri

Local government entities set tax rates, which can vary widely within a state. In Morrisville, located in Polk County, Missouri, the process is similar. Each year, the county estimates its budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

Morrisville's effective property tax rate can be compared to other cities in Missouri and the median property tax rates in the state and the U.S. With Missouri's median property tax rate at 0.96%, it falls below the national median of 1.02%. This means that residents in Morrisville generally enjoy lower property tax rates compared to the national average. Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals and exemptions.

Property Tax Rates Across Morrisville, Polk County, Missouri

Source: Ownwell

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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 Morrisville Tax Rate

0.01%

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 Polk County Tax Rate

0.01%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morrisville, Polk County, Missouri

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
65645N/AN/AN/AN/AN/A
65710N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Morrisville, Polk County, Missouri

When examining property taxes in Morrisville, 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 Polk 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.

Assessment notices: In Polk 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 Morrisville.

For example, the median home price in Morrisville is $39,654, with tax bills ranging significantly across the county. Zip code 65710 has the highest median home price at $39,030.

Property Tax Assessment Values Across Morrisville, Polk County, Missouri

Source: Ownwell

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Median Morrisville Market Value

$40,197

Median Polk County Market Value

$49,224

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morrisville, Polk County, Missouri

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
65645N/AN/AN/AN/AN/A
65710N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Morrisville, Polk County, Missouri

Property tax bills in Morrisville, nestled in Polk County, Missouri, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Morrisville is $39,654, resulting in a median property tax bill of $367, significantly lower than the national median of $2,400. The tax bill can vary widely, with the 25th percentile paying $202, and the 90th percentile reaching up to $1,097. Factors influencing these variations include property size, location, and any applicable exemptions. Homeowners in Morrisville may find their tax burden manageable compared to other regions, but there is still potential for savings. Ownwell offers expert property tax appeal and exemption services, helping homeowners ensure their property assessments are fair and accurate. By reviewing assessments and identifying potential exemptions, Ownwell can assist in reducing property tax bills, providing financial relief to homeowners in Morrisville.

Property Tax Bills Across Morrisville, Polk County, Missouri

Source: Ownwell

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Median Morrisville Tax Bill

$4

Median Polk County Tax Bill

$5

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Morrisville, Polk County, Missouri

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
65645N/AN/AN/AN/AN/A
65710N/AN/AN/AN/AN/A

Source: Ownwell

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