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Updated 2025 Tax Year

Phelps County
Property Tax Guide

Everything you need to know about property taxes in Phelps County, MO. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Varies by district: 0.8% to 2.5% effective rate depending on municipal boundaries and special taxing districts
1st Due
Dec 31
2nd Due
May 31
Exemptions
5+ Available
Section 1

How Property Tax Works

Property taxes in Phelps County, Missouri serve as a primary funding source for essential local services including public schools, county government operations, emergency services, and infrastructure maintenance. The county operates under Missouri's property tax system where real property is assessed annually and taxed based on a percentage of assessed value. Property owners in Phelps County can expect effective tax rates that vary significantly depending on their specific location within the county due to overlapping special taxing districts.

The actual tax rate you pay depends on which municipal boundaries, school districts, fire protection districts, and other special taxing districts your property falls within. This means two properties with identical assessed values can have substantially different tax bills based on their precise location. Phelps County's property tax system requires property owners to actively apply for most available tax credits and exemptions - they are not automatically applied to your assessment.

Section 2

What Makes Up Your Tax Bill

Based on available data for the 2025 tax year, property tax rates in Phelps County vary by taxing district:

ComponentRateDescription
Base County Rate5.35%General county operations and services
School DistrictsVariesLocal school district levies (varies by district)
Municipal LeviesVariesCity/town taxes where applicable
Fire ProtectionVariesRural fire protection district levies
Emergency ServicesVariesAmbulance and emergency service districts
Special AssessmentsVariesVoter-approved bonds and special districts

Total Effective Rate Range: Approximately 5.35% to 8%+ depending on location and applicable special districts.

Note: These rates apply to the assessed value of your property for FY 2025. Contact the Phelps County Assessor's office for your specific tax rate based on your property's exact location and applicable taxing districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Phelps County, property taxes are due in two installments:

First Installment
Dec 31
Delinquent after Dec 10
Second Installment
May 31
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Phelps County are additional property tax assessments that occur when there are changes to property ownership, value, or classification outside the regular annual assessment cycle. Common triggers include new construction completion, property improvements that increase value, changes in property use classification, or ownership transfers that remove existing exemptions or credits.

When supplemental taxes are levied, they are calculated based on the difference between the old and new assessed values, prorated for the portion of the tax year remaining. For example, if you complete a $100,000 home addition in March and it increases your assessed value by $20,000, you would owe supplemental taxes on that $20,000 increase for the remaining 9 months of the tax year at your applicable tax rate.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (19% of market): $57,000
  • Less: Homestead Credit (if applied): $1,100
  • Net Taxable Value: $55,900
  • Annual Tax (5.35% rate): $2,991
  • Monthly Escrow: $249

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (19% of market): $114,000
  • Less: Homestead Credit (if applied): $1,100
  • Net Taxable Value: $112,900
  • Annual Tax (6.5% rate in higher-service area): $7,339
  • Monthly Escrow: $612

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (19% of market): $190,000
  • Less: Senior Credit (if qualified and applied): $1,100
  • Net Taxable Value: $188,900
  • Annual Tax (7.2% rate with special districts): $13,601
  • Monthly Escrow: $1,133

Note: All credits require separate application and qualification. Rates vary by specific taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Phelps County require property tax escrow accounts for borrowers with less than 20% equity. Your lender collects monthly escrow payments along with your mortgage payment and pays your property taxes directly to the county when due. The monthly escrow amount is calculated by dividing your annual property tax bill by 12, often with a small cushion to account for potential increases.

Property taxes in Phelps County are due December 31st each year, with the first half becoming delinquent May 1st of the following year. Lenders typically pay the full annual amount by the December 31st deadline to avoid any delinquency penalties. Your lender will provide an annual escrow analysis showing payments made on your behalf and any adjustments needed for the following year based on actual tax bills received.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Phelps County? A: Property taxes are due December 31st each year for the current tax year. The first half becomes delinquent on May 1st of the following year, and the second half becomes delinquent later in the year.

Q: What tax credits are available and do I need to apply? A: Missouri offers several tax credits including homestead credits for owner-occupied properties (up to $1,100), senior citizen credits, disabled veteran credits, and agricultural use credits. All credits require separate application - they are NOT automatically applied to your assessment.

Q: How does the homestead credit work? A: The homestead credit provides up to $1,100 in tax credit for owner-occupied residential properties. Importantly, this credit caps assessment increases rather than reducing market value, and you must file an application with the county assessor to receive it.

Q: How often is property reassessed? A: Missouri law requires property to be reassessed periodically. Contact the Phelps County Assessor's office for the current assessment cycle schedule and to understand when your property was last reassessed.

Q: What are the penalties for late payment? A: Late payments incur penalties and interest charges. The first half becomes delinquent May 1st following the December 31st due date, with additional penalties applying to the second half later in the year.

Q: Can I pay property taxes online? A: Contact the Phelps County Collector's office for current online payment options and accepted methods of payment for property taxes.

Q: How do I appeal my property assessment? A: Property assessment appeals must be filed with the Phelps County Board of Equalization during specified appeal periods. Contact the County Assessor's office for current appeal deadlines and procedures.

Q: Why is my tax rate different from my neighbor's? A: Tax rates vary significantly within Phelps County based on which school district, fire district, municipal boundaries, and other special taxing districts your property falls within. Two adjacent properties can have different rates if they're in different taxing districts.

Q: What special district taxes might I pay? A: Depending on your location, you may pay additional taxes for fire protection districts, emergency services districts, school bond issues, municipal services, library districts, or other voter-approved special assessments beyond the base county rate.

Q: How do I find out my specific tax rate? A: Contact the Phelps County Assessor's office with your property address or parcel number to determine exactly which taxing districts apply to your property and your total effective tax rate.

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