Springfield, Stone County, Missouri Property Taxes

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

Median Springfield, MO effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Springfield, MO home value: $22,550
Median annual Springfield, MO tax bill: $210, $2,190 lower than the national median property tax bill of $2,400.

How are property taxes in Stone calculated?

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

Last Updated March 1, 2025

Springfield, Stone County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$210

$195

Ownwell’s Springfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Springfield with just two data points.

By entering your property's estimated assessed value, our calculator applies Springfield’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 29209.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Springfield, Stone County, Missouri

Local government entities are responsible for setting tax rates, which can vary significantly even within the same state. Annually, each county determines its budget requirements to provide public services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this is essentially the annual process that takes place.

In Springfield, located in Stone County, Missouri, the effective property tax rate is a reflection of this process. When compared to other cities in Missouri, Springfield's rate provides insight into how it stacks up against both state and national figures. Missouri's median property tax rate stands at 0.93%, which is below the national median of 1.02%. This comparison highlights the variance in tax rates and can be a crucial factor for property owners when considering the financial implications of owning property in different regions. Understanding these differences is key to making informed decisions about property investments and managing tax liabilities effectively.

Property Tax Rates Across Springfield, Stone County, Missouri

Source: Ownwell

0.86%

0.98%

1.11%

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 Springfield Tax Rate

0.93%

Median Effective Stone County Tax Rate

0.93%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Springfield, Stone County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65802	N/A	N/A	N/A	N/A	N/A
65809	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Springfield, Stone County, Missouri

When examining property taxes in Springfield, 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 Stone 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 Stone County, 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 Springfield. For example, the median home price in Springfield is $22,550, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Springfield, Stone County, Missouri

Source: Ownwell

$16,000

$83,950

$151,900

Median Springfield Market Value

$22,550

Median Stone County Market Value

$50,150

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Springfield, Stone County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65802	N/A	N/A	N/A	N/A	N/A
65809	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Springfield, Stone County, Missouri

In Springfield, located in Stone County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in Springfield face an average property tax bill that varies significantly, with the 25th percentile at $201 and the 90th percentile at $223. This is considerably lower than the national median property tax bill of $2400, reflecting the region's relatively low property tax rates. For homeowners, this means that while property taxes are relatively affordable, understanding how assessments are conducted is crucial to avoid overpaying. Ownwell offers a valuable service by helping homeowners navigate the property tax appeal process. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify discrepancies and assist in filing appeals. This can potentially lead to significant savings, ensuring you only pay what is fair. With Ownwell's expertise, homeowners can confidently manage their property tax obligations.

Property Tax Bills Across Springfield, Stone County, Missouri

Source: Ownwell

$151

$914

$1,677

Median Springfield Tax Bill

$210

Median Stone County Tax Bill

$460

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Springfield, Stone County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65802	N/A	N/A	N/A	N/A	N/A
65809	N/A	N/A	N/A	N/A	N/A

Source: Ownwell