Olathe, Stone County, Missouri Property Taxes
Median Olathe, MO effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Olathe, MO home value: $1,500
Median annual Olathe, MO tax bill: $14, $2,386 lower than the national median property tax bill of $2,400.
How are property taxes in Stone County calculated?
Property taxes in Olathe, 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 Olathe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Olathe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Olathe, Stone County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$14
$13
Property Tax Rates Across Olathe, Stone County, Missouri
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 Olathe Tax Rate
0.91%
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 Stone County Tax Rate
0.93%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Olathe, Stone County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Olathe, Stone County, Missouri
When examining property taxes in Olathe, 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 Stone 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 Stone 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 Olathe. For example, the median home price in Olathe is $1,500, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Olathe, Stone County, Missouri
Source: Ownwell
$16,000
$83,950
$151,900
Median Olathe Market Value
$1,500
Median Stone County Market Value
$50,150
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Olathe, Stone County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Olathe, Stone County, Missouri
In Olathe, located in Stone 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 home's market value, which is determined by the county assessor. Factors such as location, size, and condition of the property play a significant role in this assessment. Homeowners in Olathe face property tax bills that can vary widely, with the 25th, 75th, and 90th percentiles all at $14, which is significantly lower than the national median property tax bill of $2,400. This low tax bill can be advantageous for homeowners, but it's essential to ensure that the assessed value is accurate to avoid overpaying.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By reviewing assessments and identifying potential errors, Ownwell can help homeowners reduce their tax bills. This service ensures that homeowners in Olathe only pay their fair share, potentially saving them money and providing peace of mind.
Median Olathe Tax Bill
$14
Median Stone County Tax Bill
$460
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Olathe, Stone County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell