High Point, Missouri Property Taxes
The median property tax rate in High Point, Missouri is 1.03%, slightly higher than the national median of 0.99%, yet lower than the Missouri state median of 1.20%. With a median home value of $170,600 in High Point, the typical annual property tax bill amounts to $1,759, which is below the national median of $2,690. Property taxes in High Point are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating High Point'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 High Point or another part of Moniteau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Point, 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 High Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Point 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 High Point, Missouri
Property taxes in High Point, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Point is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within High Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Point 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 High Point's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65042 has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with High Point provides valuable insights into the varying tax landscape across Moniteau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Point Tax Rate
1.03%
Average Moniteau County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65042 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across High Point, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in High Point, Missouri. 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 Moniteau 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 High Point, 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. The median home price in High Point is $170,600, with the highest and lowest median tax bills both at $1,759 in the zip code 65042. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average High Point Assessed Value
$170,600
Average Moniteau County Assessed Value
$88,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65042 | $170,600 | $170,600 | $170,600 | $170,600 | $170,600 |
Source: Ownwell
Property Tax Bills Across High Point, Missouri
In High Point, located in Moniteau County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local assessors. For instance, if the median home price in High Point is $170,600, the tax bill is then calculated by applying the county’s property tax rate to this assessed value. In Moniteau County, the median property tax bill stands at $1,759, which is considerably higher than the national median property tax rate of 0.99%. Factors such as property improvements, location, and market conditions play a significant role in determining the assessed value. Homeowners in High Point can expect their tax bills to be relatively uniform, as the 25th, 75th, and 90th percentile tax bills all stand at $1,759. This consistency means that even though property taxes can be a significant expense, they are predictable, allowing homeowners to plan their finances more effectively.
Average High Point Tax Bill
$1,759
Average Moniteau County Tax Bill
$1,018
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across High Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65042 | $1,759 | $1,759 | $1,759 | $1,759 | $1,759 |
Source: Ownwell