Springfield, Morgan County, Missouri Property Taxes

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

Median Springfield, 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 Springfield, MO home value: $2,000
Median annual Springfield, MO tax bill: $43, $2,357 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan calculated?

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

Last Updated March 1, 2025

Springfield, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$18

$17

Ownwell’s Springfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Springfield with just two data points. By entering your property's estimated assessed value, our calculator applies Springfield’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 Springfield, Morgan County, Missouri

Local government entities determine tax rates, leading to significant variations within Missouri. Each year, counties like Morgan estimate the budget required to deliver essential services and divide this by the total value of all taxable property. This calculation establishes the property tax rate. While votes and legislation play a role in determining these rates and budgets, this is essentially the annual procedure.

Springfield in Morgan County offers an interesting case study. Compare Springfield's effective property tax rate to other cities in Missouri and see how it stacks up against both the state and national medians. With Missouri's median property tax rate at 0.91%, it is notably lower than the national median of 1.02%. This lower rate can result in significant savings for property owners in Springfield compared to those in regions with higher tax rates. Understanding these figures can empower property owners to make informed decisions about their investments and potential tax savings.

Property Tax Rates Across Springfield, Morgan County, Missouri

Source: Ownwell

0.71%

1.36%

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 Springfield Tax Rate

0.91%

Median Effective Morgan County Tax Rate

0.89%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Springfield, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62702	N/A	N/A	N/A	N/A	N/A
65802	N/A	N/A	N/A	N/A	N/A
65803	N/A	N/A	N/A	N/A	N/A
65804	N/A	N/A	N/A	N/A	N/A
65807	N/A	N/A	N/A	N/A	N/A
65809	N/A	N/A	N/A	N/A	N/A
65810	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Springfield, Morgan County, Missouri

When examining property taxes in Springfield, 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 Morgan County Assessor's Office 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 Springfield.

For example, the median home price in Springfield is $2,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Springfield, Morgan County, Missouri

Source: Ownwell

$1,750

$74,800

$147,850

Median Springfield Market Value

$2,000

Median Morgan County Market Value

$49,400

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Springfield, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62702	N/A	N/A	N/A	N/A	N/A
65802	N/A	N/A	N/A	N/A	N/A
65803	N/A	N/A	N/A	N/A	N/A
65804	N/A	N/A	N/A	N/A	N/A
65807	N/A	N/A	N/A	N/A	N/A
65809	N/A	N/A	N/A	N/A	N/A
65810	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Springfield, Morgan County, Missouri

In Springfield, located in Morgan County, Missouri, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. The assessed value is a percentage of the market value, which means fluctuations in the housing market can impact property taxes. Homeowners in Springfield experience a range of property tax bills, with the 25th percentile paying around $32, while those at the 75th percentile pay approximately $565, and at the 90th percentile, the bill can be as high as $1,098. Compared to the national median property tax bill of $2,400, many Springfield residents pay less, but the impact on homeowners can still be significant, especially for those at the higher end of the spectrum. Ownwell can assist homeowners in Springfield by reviewing their property assessments and identifying potential savings. Through expert analysis and appeal services, Ownwell ensures that homeowners are not overpaying, potentially leading to significant reductions in their tax bills.

Property Tax Bills Across Springfield, Morgan County, Missouri

Source: Ownwell

$15

$673

$1,330

Median Springfield Tax Bill

$43

Median Morgan County Tax Bill

$428

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Springfield, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62702	N/A	N/A	N/A	N/A	N/A
65802	N/A	N/A	N/A	N/A	N/A
65803	N/A	N/A	N/A	N/A	N/A
65804	N/A	N/A	N/A	N/A	N/A
65807	N/A	N/A	N/A	N/A	N/A
65809	N/A	N/A	N/A	N/A	N/A
65810	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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Dates
Appeal Deadline	July 13

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