Overland Park, Morgan County, Missouri Property Taxes
Median Overland Park, MO effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Overland Park, MO home value: $7,200
Median annual Overland Park, MO tax bill: $68, $2,332 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Overland Park, 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 Overland Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Overland Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Overland Park, Morgan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$68
$63
Ownwell’s Overland Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Overland Park with just two data points.
By entering your property's estimated assessed value, our calculator applies Overland Park’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 Overland Park, Morgan County, Missouri
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their necessary budget for public services and divide this by the total value of all taxable properties within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essence of the annual procedure.
In Overland Park, located in Morgan County, MO, the effective property tax rate is a crucial factor for homeowners. With Missouri's median property tax rate at 0.95%, Overland Park's rate is slightly below the national median of 1.02%. This positions Overland Park as a potentially more affordable option for property owners compared to other areas in the U.S.
By understanding these rates, property owners in Overland Park can better anticipate their annual tax obligations and make informed decisions about their investments. Comparing Overland Park’s tax rate with other cities in Missouri and the national average provides valuable insights for current and prospective homeowners.
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 Overland Park Tax Rate
0.95%
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 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 Overland Park, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Overland Park, Morgan County, Missouri
When examining property taxes in Overland Park, 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 appraisal district 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 Overland Park. For example, the median home price in Overland Park is $7,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Overland Park, Morgan County, Missouri
Source: Ownwell
$1,750
$74,875
$148,000
Median Overland Park Market Value
$7,200
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 Overland Park, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Overland Park, Morgan County, Missouri
In Overland Park, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With the median home price in the area at $7,200, homeowners may find their property tax bills to be significantly lower than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill.
For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills. Additionally, Ownwell assists in navigating exemption opportunities, ensuring homeowners maximize their savings. By leveraging Ownwell's expertise, homeowners in Overland Park can gain peace of mind knowing they are paying only their fair share in property taxes.
Median Overland Park Tax Bill
$68
Median Morgan County Tax Bill
$420
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Overland Park, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell