Harviell, Missouri Property Taxes
The median property tax rate in Harviell, MO is 0.74%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $65,960 in Harviell, the typical annual property tax bill is $518, significantly below the national median of $2,690. Property taxes in Harviell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Harviell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Harviell or another part of Butler County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harviell, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$488
Ownwell’s Harviell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harviell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harviell to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Harviell, Missouri
Property taxes in Harviell, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harviell is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Harviell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harviell estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Harviell's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63945 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Harviell provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harviell Tax Rate
0.74%
Average Butler County Tax Rate
0.82%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harviell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63945 | 0.68% | 0.70% | 0.74% | 0.76% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Harviell, Missouri
In Harviell, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Butler County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Harviell, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Harviell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Harviell is $65,960, with the lowest median tax bill at $248 and the highest at $1,305. The zip code 63945 has the highest median tax bill at $518.
Average Harviell Assessed Value
$65,960
Average Butler County Assessed Value
$71,345
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harviell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63945 | $12,480 | $29,600 | $65,960 | $116,470 | $176,200 |
Source: Ownwell
Property Tax Bills Across Harviell, Missouri
In Harviell, located in Butler County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Harviell is $65,960. Homeowners' tax bills are influenced by several factors, including the assessed value of the property and the local tax rate. The median property tax rate in Harviell is relatively low compared to the national median of 0.99%. For instance, homeowners in the 25th percentile of tax bills pay around $248, while those in the 75th percentile pay approximately $870. At the higher end, the 90th percentile tax bill reaches $1,305. The highest median tax bill in the area is $518, which is consistent across all zip codes in Harviell. These tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Lower property taxes can make homeownership more affordable, while higher taxes can add to the financial burden.
Average Harviell Tax Bill
$518
Average Butler County Tax Bill
$593
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Harviell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63945 | $123 | $248 | $518 | $870 | $1,305 |
Source: Ownwell