Market Value vs. Assessed Value - Missouri State Assessors' Association

Market Value: is the most probable price in terms of money a property will bring in an open and competitive market. Not all sales are at actual market value, the Assessor must set the fair market value of each property in Greene County as required by law. The value assigned by the Assessor’s Office should represent fair market value as of January 1 of the tax year.

The only properties not valued at market are active agricultural properties which are valued in soil productivity grades as outlined in Missouri Statutes.

Assessed Value: A statutory percentage of market value used in the calculation of real property taxes. (RSMo. 137.115.3.1) Residential 19% Agricultural 12% Commercial 32%