Polk County, Missouri Property Taxes

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

Median Polk County effective property tax rate: 0.91%, significantly lower than the national median of 1.02%.
Median Polk County home value: $49,465
Median annual Polk County tax bill: $421, $1,979 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

Property taxes in Polk 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 Bolivar or another part of Polk County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Polk 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

$450

$418

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

Property Tax Rates Across Polk County, Missouri

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 votes and laws play roles in setting tax rates and budgets, this is the annual process in a nutshell. Polk County in Missouri offers an interesting case study. The county's effective property tax rate is 0.91%, slightly below the national median property tax rate of 1.02%. Within the state, tax rates can differ significantly. For instance, Fair Grove has the highest median tax rate in the county at 1.00%, while Flemington boasts the lowest at 0.79%. These variations highlight how local economic conditions and budgetary needs influence tax rates. When compared to the national scene, Polk County's rate is relatively low, offering potential savings for property owners. Understanding these local nuances can be crucial in navigating property tax appeals and exemptions effectively.

Property Tax Rates Across Polk County, Missouri

Source: Ownwell

0.79%

0.90%

1.00%

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 Polk County Tax Rate

0.91%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Polk County, Missouri

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Aldrich	0.74%	0.86%	0.94%	1.03%	1.04%
Bolivar	0.73%	0.91%	0.91%	0.94%	0.98%
Brighton	0.81%	0.93%	0.96%	0.99%	0.99%
Buffalo	0.75%	0.87%	0.95%	0.99%	1.02%
Dunnegan	0.68%	0.78%	0.91%	0.97%	0.98%
Fair Grove	0.86%	0.95%	1.00%	1.05%	1.07%
Fair Play	0.76%	0.91%	0.97%	1.14%	1.14%
Flemington	0.69%	0.79%	0.79%	0.80%	0.89%
Goodson	0.70%	0.84%	0.92%	0.98%	1.00%
Half Way	0.66%	0.80%	0.91%	0.94%	0.99%
Humansville	0.71%	0.82%	0.96%	1.01%	1.06%
Louisburg	0.74%	0.89%	0.95%	1.00%	1.00%
Morrisville	0.73%	0.86%	0.96%	1.04%	1.04%
Pittsburg	0.54%	0.93%	0.98%	0.98%	0.98%
Pleasant Hope	0.81%	0.94%	0.99%	0.99%	0.99%
Polk	0.67%	0.81%	0.93%	0.97%	0.98%
Urbana	0.77%	0.82%	0.89%	0.92%	0.94%
Walnut Grove	0.75%	0.88%	0.95%	1.01%	1.14%
Willard	0.62%	0.80%	0.92%	0.96%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Polk County, Missouri

When examining property taxes in Polk 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 Polk 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. Assessment notices: Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Polk County. For example, the median tax bill in Polk County is $992, with tax bills ranging significantly across the county. Fair Grove has the highest median home price at $100,811.

Property Tax Assessment Values Across Polk County, Missouri

Source: Ownwell

$19,386

$60,099

$100,811

Median Polk County Market Value

$49,465

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Polk County, Missouri

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Aldrich	$4,352	$16,816	$31,057	$70,677	$113,141
Bolivar	$16,000	$30,105	$59,105	$103,895	$158,360
Brighton	$11,179	$19,668	$41,892	$72,405	$111,215
Buffalo	$14,176	$23,895	$46,105	$90,496	$134,226
Dunnegan	$12,674	$19,482	$42,289	$83,684	$118,666
Fair Grove	$37,536	$74,147	$100,811	$162,952	$201,916
Fair Play	$4,553	$13,329	$37,086	$65,358	$121,977
Flemington	$1,316	$6,132	$19,386	$51,868	$85,636
Goodson	$10,896	$19,208	$44,500	$87,599	$138,083
Half Way	$13,558	$21,522	$43,092	$79,522	$123,834
Humansville	$5,421	$11,184	$26,579	$56,342	$89,232
Louisburg	$14,001	$19,644	$29,684	$65,029	$123,505
Morrisville	$9,969	$21,618	$39,654	$74,224	$116,634
Pittsburg	$4,200	$28,816	$69,664	$110,106	$140,073
Pleasant Hope	$15,558	$36,895	$74,368	$109,000	$155,937
Polk	$7,733	$17,102	$45,672	$82,696	$111,726
Urbana	$14,593	$27,384	$55,147	$111,056	$146,863
Walnut Grove	$18,010	$31,680	$67,833	$119,765	$163,604
Willard	$10,295	$23,916	$48,211	$86,559	$109,014

Source: Ownwell

Property Tax Bills Across Polk County, Missouri

In Polk County, Missouri, the property tax bill is 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 property tax bill. The median home price in Polk County is $49,465, which is significantly lower than the national median. As a result, the property tax bills in the county also tend to be lower. The 25th percentile tax bill is $189, while the 75th percentile reaches $828, and the 90th percentile is $1,252. Comparatively, the national median property tax bill is $2,400, indicating that Polk County homeowners generally pay less. These tax rates can affect homeowners by influencing their overall housing costs and potentially impacting decisions about buying or selling property. In Polk County, the highest median tax bill is found in Fair Grove at $992, while the lowest is in Flemington at $145, reflecting how location within the county can affect tax obligations.

Property Tax Bills Across Polk County, Missouri

Source: Ownwell

$145

$569

$992

Median Polk County Tax Bill

$421

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Polk County, Missouri

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Aldrich	$100	$176	$314	$620	$1,034
Bolivar	$98	$229	$493	$898	$1,340
Brighton	$127	$207	$438	$687	$1,094
Buffalo	$147	$239	$470	$846	$1,263
Dunnegan	$93	$163	$329	$663	$994
Fair Grove	$353	$722	$992	$1,566	$1,912
Fair Play	$44	$137	$342	$664	$1,174
Flemington	$10	$51	$145	$408	$651
Goodson	$107	$202	$421	$766	$1,201
Half Way	$120	$196	$350	$689	$1,107
Humansville	$52	$107	$248	$518	$781
Louisburg	$150	$193	$327	$618	$829
Morrisville	$94	$202	$362	$668	$1,097
Pittsburg	$12	$233	$581	$1,074	$1,367
Pleasant Hope	$119	$304	$677	$1,008	$1,453
Polk	$124	$182	$415	$766	$1,097
Urbana	$219	$266	$568	$1,030	$1,265
Walnut Grove	$158	$268	$615	$1,129	$1,630
Willard	$136	$186	$383	$734	$956

Source: Ownwell