Knox County, Missouri Property Taxes

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

Median Knox County effective property tax rate: 0.72%, significantly lower than the national median of 1.02%.
Median Knox County home value: $29,820
Median annual Knox County tax bill: $245, $2,155 lower than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

Property taxes in Knox County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Edina or another part of Knox County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Knox County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$215

$199

Ownwell’s Knox County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Knox County with just two data points. By entering your property's estimated assessed value, our calculator applies Knox County’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 more 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 Knox County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Knox 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, resulting 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.

In Knox County, MO, the effective property tax rate stands at 0.72%, which is below the national median property tax rate of 1.02%. This lower rate can result in significant savings for homeowners compared to other regions. For instance, Edina in Knox County has the highest median tax rate at 0.92%, still below the national average. On the other hand, Novelty boasts the lowest median tax rate in the county at 0.69%.

These figures highlight the variability of property tax rates even within a single county, emphasizing the importance of understanding local tax policies. By comparing Knox County's rates to the national median, homeowners can better assess their tax liabilities and potential savings.

Property Tax Rates Across Knox County, Missouri

Source: Ownwell

0.69%

0.81%

0.92%

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 Knox County Tax Rate

0.72%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Knox County, Missouri

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Baring	0.69%	0.69%	0.80%	1.10%	1.26%
Brashear	0.69%	0.69%	0.70%	1.04%	1.10%
Edina	0.69%	0.69%	0.92%	1.10%	1.10%
Hurdland	0.69%	0.69%	0.69%	1.00%	1.32%
Knox City	0.69%	0.69%	0.73%	1.03%	1.10%
Newark	0.69%	0.69%	0.76%	1.09%	1.20%
Novelty	0.68%	0.69%	0.69%	0.83%	1.11%
Rutledge	0.69%	0.69%	0.69%	0.87%	1.07%
Shelbyville	0.69%	0.69%	0.91%	1.10%	1.10%
Atlanta	N/A	N/A	N/A	N/A	N/A
Gorin	N/A	N/A	N/A	N/A	N/A
La Belle	N/A	N/A	N/A	N/A	N/A
La Plata	N/A	N/A	N/A	N/A	N/A
Leonard	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Knox County, Missouri

When examining property taxes in Knox County, 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 Knox 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 Knox 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 Knox County.

For example, the median tax bill in Knox County is $291, with tax bills ranging significantly across the county. Edina has the highest median home price at $36,320.

Property Tax Assessment Values Across Knox County, Missouri

Source: Ownwell

$20,440

$28,380

$36,320

Median Knox County Market Value

$29,820

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Knox County, Missouri

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Baring	$4,894	$13,582	$29,635	$63,270	$121,607
Brashear	$6,852	$15,430	$33,180	$59,800	$106,162
Edina	$5,374	$15,490	$36,320	$68,760	$119,314
Hurdland	$2,569	$10,535	$26,070	$61,415	$113,927
Knox City	$4,909	$14,355	$30,785	$62,580	$122,906
Newark	$2,504	$7,970	$20,440	$40,410	$68,922
Novelty	$4,492	$13,040	$32,400	$57,765	$101,546
Rutledge	$1,576	$11,260	$29,960	$73,980	$139,460
Shelbyville	$4,448	$10,638	$22,075	$47,240	$83,606
Atlanta	N/A	N/A	N/A	N/A	N/A
Gorin	N/A	N/A	N/A	N/A	N/A
La Belle	N/A	N/A	N/A	N/A	N/A
La Plata	N/A	N/A	N/A	N/A	N/A
Leonard	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Knox County, Missouri

In Knox County, MO, property tax bills are calculated based on the assessed value of a property, which is determined as a percentage of the market value. The median home price in Knox County is $29,820, significantly lower than the national median. The property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Knox County generally see lower tax bills compared to the national median property tax bill of $2,400. For instance, the tax bill at the 25th percentile is $97, while at the 75th percentile, it rises to $539. The 90th percentile tax bill is $999, indicating that even higher-end properties in Knox County incur relatively modest tax burdens. In Edina, the highest median tax bill is $330, while Newark has the lowest at $166. These figures illustrate the variability in tax bills within the county, influenced by factors such as property location and market value. Homeowners benefit from these lower tax rates, which can ease financial burdens compared to national averages.

Property Tax Bills Across Knox County, Missouri

Source: Ownwell

$166

$248

$330

Median Knox County Tax Bill

$245

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Knox County, Missouri

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Baring	$36	$119	$245	$597	$1,128
Brashear	$62	$144	$311	$563	$953
Edina	$40	$130	$330	$665	$1,142
Hurdland	$19	$79	$228	$514	$972
Knox City	$37	$113	$247	$535	$1,021
Newark	$19	$64	$166	$391	$643
Novelty	$36	$91	$241	$462	$900
Rutledge	$10	$76	$221	$592	$1,263
Shelbyville	$38	$78	$170	$386	$677
Atlanta	N/A	N/A	N/A	N/A	N/A
Gorin	N/A	N/A	N/A	N/A	N/A
La Belle	N/A	N/A	N/A	N/A	N/A
La Plata	N/A	N/A	N/A	N/A	N/A
Leonard	N/A	N/A	N/A	N/A	N/A

Source: Ownwell