Humansville, Missouri Property Taxes
The median property tax rate in Humansville, MO is 0.86%, notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $32,620 in Humansville, the typical annual property tax bill is $283, which is significantly less than the national median of $2,690. Property taxes in Humansville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Humansville'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 Humansville or another part of Cedar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Humansville, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Humansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Humansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Humansville 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 Humansville, Missouri
Property taxes in Humansville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Humansville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Humansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Humansville 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 Humansville's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the area is 0.86%, while the lowest median tax rate is also 0.86%. Understanding how these cities compare with Humansville provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Humansville Tax Rate
0.86%
Average Cedar County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Humansville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65674 | 0.62% | 0.81% | 0.86% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Humansville, Missouri
In Humansville, 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 Cedar 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. 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 Humansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Humansville are both $283 in the 65674 zip code, highlighting the uniformity in property tax assessments within the area.
Average Humansville Assessed Value
$32,620
Average Cedar County Assessed Value
$37,145
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Humansville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65674 | $17,680 | $22,620 | $32,620 | $49,510 | $90,010 |
Source: Ownwell
Property Tax Bills Across Humansville, Missouri
In Humansville, Cedar County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $32,620, the assessed value will be a fraction of this amount, determined by local assessment ratios. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. In Humansville, homeowners typically see tax bills ranging from $170 at the 25th percentile to $771 at the 90th percentile. The median tax bill stands at $283, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence these amounts. For homeowners, this means that while property taxes in Humansville are relatively low, any changes in assessed values or tax rates can impact their annual expenses, making it crucial to stay informed about local property tax trends.
Average Humansville Tax Bill
$283
Average Cedar County Tax Bill
$344
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Humansville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65674 | $143 | $170 | $283 | $367 | $771 |
Source: Ownwell