Humansville, Missouri Property Taxes
The median property tax rate in Humansville, MO is 0.63%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Humansville at $164,860, the typical annual property tax bill is $1,040, well below the national median of $2,690. Property taxes in Humansville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Humansville'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 Humansville or another part of Hickory 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
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,039
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Humansville is 0.63%, 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 areas and the national median. For comparison, the zip code 65674 has both the highest and lowest median property tax rate of 0.63%. Understanding how these figures compare with Humansville provides valuable insights into the varying tax landscape across Hickory County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Humansville Tax Rate
0.63%
Average Hickory County Tax Rate
0.74%
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 | 0.55% | 0.56% | 0.63% | 0.72% | 0.75% |
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 Hickory 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 Humansville, 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. For example, the median home price in Humansville is $164,860, with tax bills ranging from $527 at the 25th percentile to $3,313 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Humansville Assessed Value
$164,860
Average Hickory County Assessed Value
$25,410
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 | $48,050 | $93,092 | $164,860 | $344,972 | $487,790 |
Source: Ownwell
Property Tax Bills Across Humansville, Missouri
In Humansville, located in Hickory County, MO, property tax bills are calculated based on the assessed value of the property and the tax rate set by local authorities. The assessed value is a percentage of the market value of the home, which is determined through periodic assessments. For example, with a median home price of $164,860, the assessed value will be a fraction of this amount, depending on state regulations. The tax rate in Humansville is applied to this assessed value to determine the annual property tax bill. Homeowners in this area can expect a wide range of tax bills, with the 25th percentile at $527 and the 75th percentile reaching $1,954. The 90th percentile tax bill can go as high as $3,313. The median tax bill in the 65674 zip code stands at $1,040, which is slightly above the national median property tax rate of 0.99%. This tax burden can significantly impact homeowners, influencing their financial planning and overall cost of living. Understanding these factors helps residents anticipate their annual expenses and manage their budgets effectively.
Average Humansville Tax Bill
$1,040
Average Hickory County Tax Bill
$177
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 | $279 | $527 | $1,040 | $1,954 | $3,313 |
Source: Ownwell