Rate Breakdown

Property taxes in Marion County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Marion County

Property taxes in Marion County, Missouri, are based on the "ad valorem" system, meaning taxes are levied according to the assessed value of the real estate. The process begins with the County Assessor, who determines the market value of your property. In Missouri, the assessable value is typically a percentage of the market value—generally 100% for non-residential property and a lower percentage for residential property.

Once the assessment is finalized, the tax amount is determined by the millage rate. A "mill" represents one dollar of tax for every $1,000 of assessed valuation. The total millage rate is a combination of levies from the county, city, school districts, and special taxing districts. To calculate your estimated tax, multiply your assessable value by the current total millage rate divided by 1,000.

Available Exemptions

Missouri offers several tax relief programs to reduce the financial burden on eligible homeowners. Applying for these exemptions can significantly lower your annual tax bill:

• Homestead Credit: Available to low-income homeowners, providing a credit based on the property's assessed value and the owner's household income.
• Senior Citizen Tax Relief: Residents aged 65 and older may qualify for specific credits or freezes on assessed valuations.
• Disability Exemptions: Individuals with permanent disabilities may be eligible for property tax relief through state-administered programs.
• Veteran Exemptions: Honorably discharged veterans, particularly those with service-connected disabilities, may qualify for partial or full exemptions depending on the severity of the disability.

Payment Schedule & Deadlines

In Marion County, property taxes are typically billed annually, though they may be collected in installments depending on your payment method. If you have a mortgage, your lender may pay these taxes through an escrow account.

Payments are generally due by the end of the calendar year, but it is critical to check your specific tax notice for the exact deadline. Failure to pay by the due date results in late penalties and interest accrual. If taxes remain unpaid for an extended period, the county may initiate a tax sale to recover the delinquent funds.

Appealing Your Assessment

If you believe your property has been overvalued by the County Assessor, you have the right to appeal. This process must be initiated within a specific window following the mailing of your assessment notice.

To start an appeal, you must file a petition with the Marion County Board of Equalization. It is recommended to provide supporting evidence, such as a recent independent appraisal or a list of comparable properties in your neighborhood that have sold for less than your assessed value. The board will review your evidence and determine if an adjustment to the valuation is warranted.