The Clock Tower, located on the highest point of a mound, presides, together with Santa Bárbara and the Castle, over the whole town of Monóvar. The tower was built in 1734 by the Alicante master builder Tomás Terol. Since it was built, it has been a popular landmark in Monóvar.

It is a good example of a "free-standing tower", very unusual in the south of Valencia, used exclusively for civilian purposes: to house the town clock and its bells. It is 18 metres high, has a square floor plan and consists of four sections that decrease in height as they rise. The second section houses the sundial and the mechanical clock above it. The last two sections, perforated by arches, house the bells. A simple ball decoration appears on the last section, which is topped by the characteristic blue glazed tile dome and a weathervane.

The oldest reference to this tower is found in the minutes of the Town Council of 1616, according to which funds were required to build the bell tower of the church and the first communal clock of the town.

The clocks were installed in the bell tower of the former church from 1653 to 1734, although we do not know if there were any other clocks apart from these two. The tower was probably built because of the urgent need to move the clock, as the church tower was in ruins according to the church's factory books.

The Council, which usually paid the construction costs of church bell towers, decided to erect a new one in a different location and not to wait any longer, as the new church tower would not be started until 1750 due to the anguished lawsuits between the Council and the master builders.