Lake Ozark, Morgan County, Missouri Property Taxes

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

Median Lake Ozark, 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 Lake Ozark, MO home value: $8,600
Median annual Lake Ozark, MO tax bill: $87, $2,313 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Lake Ozark, 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

$78

$73

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

Local government entities are responsible for setting tax rates, which can vary significantly within Missouri. Each year, counties like Morgan determine their required budget to provide essential services and then divide this by the total value of all taxable properties within their jurisdiction. This process results in the effective property tax rate for areas such as Lake Ozark. Although the process involves votes and laws, this is the basic annual procedure used to determine property taxes. In Lake Ozark, located in Morgan County, the effective property tax rate stands at 0.91%. This is slightly lower than the national median property tax rate of 1.02%. When comparing Lake Ozark's rate to other cities within Missouri, it remains consistent, reflecting the county's uniform approach to property taxation. The national median property tax bill is $2400, offering a point of comparison for property owners assessing their tax obligations. Understanding these rates is crucial for homeowners looking to manage their finances effectively and potentially appeal their property taxes.

Property Tax Rates Across Lake Ozark, Morgan County, Missouri

Source: Ownwell

0.69%

1.35%

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 Lake Ozark Tax Rate

0.91%

Median Effective Morgan County Tax Rate

0.87%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Ozark, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65049	0.77%	0.85%	0.91%	1.47%	2.29%

Source: Ownwell

Property Tax Assessment Values Across Lake Ozark, Morgan County, Missouri

When examining property taxes in Lake Ozark, 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 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 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 Lake Ozark.

For example, the median home price in Lake Ozark is $8,600, with tax bills ranging significantly across the county. The 65049 zip code has the highest median home price at $8,600.

Property Tax Assessment Values Across Lake Ozark, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median Lake Ozark Market Value

$8,600

Median Morgan County Market Value

$49,350

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Ozark, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65049	$1,560	$3,600	$8,600	$49,200	$106,840

Source: Ownwell

Property Tax Bills Across Lake Ozark, Morgan County, Missouri

In Lake Ozark, located in Morgan County, MO, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners here experience a median property tax bill that is significantly lower than the national median of $2,400. With a median home price of $8,600, the property tax bills can range widely. For instance, those at the 25th percentile pay around $41, while those at the 90th percentile may see bills as high as $918. These variations are influenced by factors such as property size, location, and any applicable exemptions. High tax bills can place a burden on homeowners, especially when they exceed expectations. This is where Ownwell steps in, offering expert property tax appeal and exemption services to help homeowners potentially reduce their tax liabilities. By analyzing local market trends and property assessments, Ownwell can identify opportunities for savings, ensuring that homeowners in Lake Ozark pay only their fair share in property taxes.

Property Tax Bills Across Lake Ozark, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median Lake Ozark Tax Bill

$87

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Ozark, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65049	$33	$41	$87	$443	$918

Source: Ownwell