Deerfield, Vernon County, Missouri Property Taxes
Median Deerfield, MO effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Deerfield, MO home value: $40,660
Median annual Deerfield, MO tax bill: $398, $2,002 lower than the national median property tax bill of $2,400.
How are property taxes in Vernon County calculated?
Property taxes in Deerfield, 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 Deerfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Deerfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Deerfield, Vernon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$398
$370
Property Tax Rates Across Deerfield, Vernon County, Missouri
Local government entities are responsible for setting tax rates, which can vary significantly across different areas. Each year, counties determine their necessary budget to maintain services and divide this amount by the total assessed value of all taxable properties within their jurisdiction. This division results in the property tax rate. While the process involves votes and legal frameworks, this is essentially how property tax rates are established annually.
In Deerfield, located in Vernon County, Missouri, the effective property tax rate is 0.98%. This rate aligns with the highest and lowest median tax rates within the state, both recorded at 0.98% in the same zip code, 64741. Comparatively, the national median property tax rate stands at 1.02%, with a median tax bill of $2400. This indicates that Deerfield's property tax rate is slightly below the national median, making it an attractive option for property owners looking to manage their tax expenses effectively.
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 Deerfield Tax Rate
0.98%
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 Vernon County Tax Rate
1.01%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Deerfield, Vernon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64741 | 0.68% | 0.76% | 0.98% | 1.05% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Deerfield, Vernon County, Missouri
When examining property taxes in Deerfield, 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 Vernon 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 Vernon 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 Deerfield.
For example, the median home price in Deerfield is $40,660, with tax bills ranging significantly across the county. Zip code 64741 has the highest median home price at $40,660.
Property Tax Assessment Values Across Deerfield, Vernon County, Missouri
Source: Ownwell
$37,665
$49,195
$60,725
Median Deerfield Market Value
$40,660
Median Vernon County Market Value
$51,890
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Deerfield, Vernon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64741 | $4,078 | $14,615 | $40,660 | $87,725 | $129,426 |
Source: Ownwell
Property Tax Bills Across Deerfield, Vernon County, Missouri
In Deerfield, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. Homeowners in Vernon County face a property tax rate that results in a median tax bill of $398, significantly lower than the national median of $2,400. This disparity highlights the relatively modest property tax burden in the area. Factors such as the median home price, which stands at $40,660, influence the tax bill. For those in the 90th percentile, the tax bill can reach up to $1,254, indicating some variability based on property value and location.
For homeowners looking to reduce their property tax burden, Ownwell offers expert services in appealing property tax assessments and securing exemptions. By leveraging local expertise and a deep understanding of the property tax system, Ownwell can help homeowners identify potential savings and ensure they are not overpaying. This proactive approach not only cuts costs but also provides peace of mind, knowing that their property tax obligations are being managed efficiently.
Median Deerfield Tax Bill
$398
Median Vernon County Tax Bill
$536
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Deerfield, Vernon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64741 | $35 | $113 | $398 | $799 | $1,254 |
Source: Ownwell