Property Taxes
- You can view property tax payment history for your parcel online using this Tax Lookup page.
- City property taxes are billed and collected by the Clay County Collector's Office.
- Property tax levies for Smithville residents, per $100 in assessed value, are assessed and determined by the Clay County Assessor` Office.
Understanding Your Property Tax Bill
The assessed value for a given property is determined by the property type. Residential, agricultural, and commercial properties all have different assessment factors.
The assessment factors are as follows:
- Residential Properties - 19%
- Agricultural Properties - 12%
- Commercial Properties - 32%
Where Do Your Property Tax Dollars Go?
- In the example below, a home with a determined market value of $300,000 is assessed at a rate of 19% (residential assessment factor).
- The assessed value of this home is $57,000 ($300,000 x 19%).
- The assessed value is then divided by 100 and then multiplied by the total effective tax levy rate ($57,000/100 x 7.1701), which results in a total property tax bill of $4,086.96.
- Of this total bill, the City of Smithville will receive $235.18.
- This breaks down to $19.59 per month to support city services which includes police protection, street maintenance, park maintenance, and development/planning services, etc.
