Harrisonville, Missouri Property Taxes
The median property tax rate in Harrisonville, MO is 1.29%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Harrisonville at $124,225, the typical annual property tax bill reaches $1,652, which is below the national median of $2,690. Property taxes in Harrisonville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrisonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Harrisonville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrisonville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,603
Ownwell’s Harrisonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisonville 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 Harrisonville, Missouri
Property taxes in Harrisonville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisonville is 1.29%, notably higher than the U.S. national median of 0.99%. Local government entities within Harrisonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisonville 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 Harrisonville's effective property tax rate to other areas in Cass County and the national median. For comparison, the zip code 64701 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Harrisonville provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisonville Tax Rate
1.29%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64701 | 1.24% | 1.29% | 1.29% | 1.32% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Harrisonville, Missouri
In Harrisonville, 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 Cass County Appraisal District 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 Harrisonville, 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 Harrisonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Harrisonville both stand at $1,652 in the 64701 zip code.
Average Harrisonville Assessed Value
$124,225
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64701 | $55,941 | $89,002 | $124,225 | $171,050 | $243,766 |
Source: Ownwell
Property Tax Bills Across Harrisonville, Missouri
Property tax bills in Harrisonville, located in Cass County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. For instance, a median home price in Harrisonville is $124,225. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood changes, and market trends can affect the assessed value, and consequently, the tax bill. Homeowners in Harrisonville can expect varying tax bills. The 25th percentile tax bill is around $1,187, while the 75th percentile tax bill rises to approximately $2,272. Those at the 90th percentile face tax bills up to $3,246. The highest median tax bill recorded in the area is $1,652, which is consistent across all zip codes in the city. Compared to the national median property tax rate of 0.99%, Harrisonville's rates might seem moderate, yet they significantly impact homeowners' annual expenses, influencing their financial planning and homeownership costs.
Average Harrisonville Tax Bill
$1,652
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64701 | $831 | $1,187 | $1,652 | $2,272 | $3,246 |
Source: Ownwell