Morley, Scott County, Missouri Property Taxes
The median property tax rate in Morley, MO is 1.39%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Morley, the typical annual property tax bill reaches $497, which is significantly lower than the national median of $2,690. Property taxes in Morley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Morley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morley, Scott County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$503
$466
Ownwell’s Morley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morley to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Morley, Scott County, Missouri
Property taxes in Morley, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Morley is 0.83%, lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Morley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morley estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Morley's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63767 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Morley provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morley Tax Rate
1.39%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morley, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63767 | 1.38% | 1.38% | 1.39% | 1.39% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Morley, Scott County, Missouri
In Morley, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Scott County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Morley, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Morley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in Morley, the median home price is $36,165. The tax bills can range significantly, with the 25th percentile at $342 and the 75th percentile at $763, while the 90th percentile reaches $1,045. The highest median tax bill is $497 in the 63767 zip code. By understanding these figures, property owners can better prepare and manage their tax obligations.
Property Tax Assessment Values Across Morley, Scott County, Missouri
Source: Ownwell
$24,415
$61,308
$98,200
Average Morley Assessed Value
$36,165
Average Scott County Assessed Value
$61,900
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morley, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63767 | $15,500 | $24,655 | $36,165 | $55,138 | $75,883 |
Source: Ownwell
Property Tax Bills Across Morley, Scott County, Missouri
Property tax bills in Morley, located in Scott County, MO, are calculated based on the assessed value of a property, which is a percentage of the market value. For homeowners, the assessed value is multiplied by the local tax rate to determine the annual tax bill. In Morley, the median home price is $36,165, and tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $342, while at the 75th percentile, it reaches $763. At the 90th percentile, homeowners might pay up to $1,045 annually. Compared to the national median property tax rate of 0.99%, Morley's tax rates and bills can be considered relatively moderate. The highest median tax bill in the area is $497, found in zip code 63767, which is still below the national average. These property tax bills can impact homeowners by influencing their overall cost of owning a home, affecting affordability and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Morley Tax Bill
$497
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Morley, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63767 | $240 | $342 | $497 | $763 | $1,045 |
Source: Ownwell