Rate Breakdown

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

How Property Tax Works in Montgomery County

Property taxes in Montgomery County, Missouri, are based on the assessed value of your real estate rather than the full market value. The process begins with the County Assessor determining the market value of the property. In Missouri, the assessment rate for residential property is typically 19% of the market value. This assessed value is then multiplied by the local millage rate to determine the total tax owed.

A "mill" represents one dollar of tax for every $1,000 of assessed value. The total millage rate is a combination of levies from various taxing districts, including the county government, local school districts, fire protection, and road districts. Because these rates can vary by specific location within the county, your final tax bill depends on which specific districts your property resides in.

Available Exemptions

Missouri offers several tax relief programs designed to reduce the financial burden on eligible homeowners. These exemptions lower the taxable value of the property, thereby reducing the overall tax bill:

• Homestead Credit: Available to low-income homeowners, specifically seniors or disabled individuals, to help offset property tax costs.
• Senior Citizen Tax Relief: Residents aged 65 and older may qualify for specific credits or freezes on assessed values depending on income levels.
• Disability Exemptions: Individuals with permanent total disabilities may be eligible for tax relief programs through the state and county.
• Veterans Exemptions: Certain veterans, particularly those with service-connected disabilities, may qualify for property tax exemptions or reductions.

Payment Schedule & Deadlines

Property taxes in Montgomery County are typically billed annually, with the tax collector issuing statements in the fall. To avoid penalties, homeowners should adhere to the following guidelines:

• Payment Deadlines: Taxes are generally due by December 31st of the tax year, though it is recommended to pay as soon as the bill is received.
• Installment Options: While some jurisdictions allow for payment plans, most Missouri counties prefer a single annual payment. Check with the Collector's office for current installment availability.
• Late Consequences: Payments made after the deadline are subject to delinquency interest and penalties. If taxes remain unpaid for an extended period, the property may be subject to a tax sale.

Appealing Your Assessment

If you believe your property has been overvalued by the County Assessor, you have the right to appeal. The appeal process must be initiated within a specific window—usually shortly after the assessment notice is mailed. To start an appeal, you must file a petition with the Office of the Assessor or the Board of Assessment Appeals. It is highly recommended to provide comparative market data (comps) of similar properties in your neighborhood to support your claim for a lower valuation.