Real Estate Tax Information

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General Information

Real estate property taxes are levied annually and due upon receipt of the tax bill, but no later than December 31 each year. The postmark determines the timeliness of payment.

The collector's office mails tax bills during November. If a tax bill is not received by the second week in December, contact the collector's office at (573) 886-4285. Failure to receive a tax bill does not relieve the obligation to pay taxes and applicable late fees.

Taxes not paid in full on or before December 31 will accrue penalties and fees.

Taxes are a lien with the tax liability on real estate remaining with the property. When the ownership changes, the new owner is liable for any unpaid property taxes.

Tax bills are sent to the mailing address in the tax file as of the date the bill is printed.

Property is subject to be sold at public auction for back taxes if the real estate taxes remain unpaid. The tax certificate sale is held annually on the fourth Monday in August at 10:00 A.M. on the courthouse steps.

Taxes are levied against real property based on the maximum rates as determined by voters, collected by the collector and then distributed back to the taxing entities.

Determination of Taxes

The amount of real estate property taxes imposed is determined by two factors:

  1. The assessed value of their taxable property set by the local assessor; and
  2. The tax rate established by the governing bodies of local taxing entities where the property is located.

(Assessed Value/100) x Tax Rate = Tax Levied

($9,500/100) x $5.6600 = $537.70

Tax rates are set each year by local taxing entities within the limits allowed under the constitution and state law.

Assessed Value

Assessed value is a percentage of the market value as determined by the assessor's office. In order to calculate the assessed value, multiply the market value (or appraised value) by the appropriate assessment rate for the type of property.

  • Residential Property 19%
  • Commercial Property 32%
  • Agricultural Property 12%

New Purchaser/​Seller Information

  • The new owner/buyer has the responsibility for paying the total tax bill by December 31.
  • Generally, taxes are prorated between the buyer and seller. If this is being done, a proportionate amount of the estimated tax amount is credited to the buyer at the time of sale based on the number of months/days the seller owned the property during the tax year.
  • No money is paid to the collector for taxes at the time of sale.
  • You will have real estate property taxes to pay each year you own the property.
  • If you do NOT receive a real estate tax statement from the Boone County Collector by December 10, contact the collector's office.
  • Taxes are levied annually and due upon receipt. After December 31, late charges will apply.

Real Estate Closing on or After October 1

The tax bill may be generated in the previous owner's (seller's) name and mailed to his/her mailing address unless the purchaser advises the Boone County Collector's or Assessor's office of the property ownership.

If you are the seller of property during the tax year and receive a tax bill on the property you sold, please notify the collector's office of the name and address of the new owner so a bill can be sent to them.

Important Tax Payment Facts

Property is subject to be sold at public auction for back taxes if the real estate taxes remain unpaid after March 1 of the following year.

Tax bills are sent to the mailing address in the tax file as of date the bill is printed.

If you receive a bill that your mortgage company is to pay, please forward the bill to them for timely processing.

For additional information, please see our real estate tax frequently asked questions.

Escrowed Real Estate Taxes

Sample Informational Bill - PDF

If you have an escrow account with your lien holder, and that lien holder has requested your property tax bill prior to October 1, you should receive an informational billing from the collector's office. This informational billing will indicate that your mortgage company has requested the bill for that parcel.

If you receive a tax bill that does not show that it has been requested by your lien holder, please forward the bill to your mortgage company immediately for timely processing.

If you do not have an escrow account, you may use the informational billing statement to remit payment to the collector's office.

Installment Plan Payments

You may pay your real estate taxes and/or assessment on a monthly basis.

Current bills for property MUST be paid to enroll.

Use the base amount of your previous year's real property taxes or Neighborhood Improvement District (NID) assessment, divided by the number of months left in the current year.

  • For example, if last year's base tax was $1201.58 and
    • if your plan starts in January, the amount per month would be $100 ($1202 divided by 12 months)
    • if your plan starts in March, the amount per month would be $120 ($1202 divided by 10 remaining months)

The December payment will be adjusted to reflect the balance of the tax due based on the current year’s bill. The balance must be paid by December 31st, to avoid late fees and penalties, or possible termination of the plan.

We will accept the following payment options:

  • Check, money order, or cash – using COUPON method. With coupons, you may double-up or skip months, provided the balance is paid in full by December 31st.
  • You may authorize the collector’s office to debit your bank account on either the 5th or 20th of each month. Please read and complete the Automated Payment Service (APS) form (Installment Plan sign-up form), and attach a voided check to enroll.
  • Credit card charged on the 20th of the month with 2.3% added to cover the credit card processing company’s fees.
    • Need to have current credit card information on file
    • Currently accept Visa, MasterCard, American Express, and Discover cards.

To download an installment plan agreement form, please click on the following link: Installment Plan sign-up form. Please download this form and fill out the appropriate information and return to the collector’s office.