Hardenville, Missouri Property Taxes
The median property tax rate in Hardenville, MO is 0.66%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Hardenville at $63,650, the typical annual property tax bill is $414, well below the national median of $2,690. Property taxes in Hardenville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hardenville'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 Hardenville or another part of Ozark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardenville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$420
Ownwell’s Hardenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hardenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hardenville 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 Hardenville, Missouri
Property taxes in Hardenville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardenville is 0.66%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Hardenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hardenville 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 Hardenville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65666 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Hardenville provides valuable insights into the varying tax landscape across Ozark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardenville Tax Rate
0.66%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardenville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65666 | 0.62% | 0.64% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Hardenville, Missouri
In Hardenville, 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 Ozark 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 Hardenville, 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 Hardenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $414 in the 65666 zip code, which is also the lowest median tax bill.
Average Hardenville Assessed Value
$63,650
Average Ozark County Assessed Value
$64,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardenville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65666 | $20,930 | $35,050 | $63,650 | $125,925 | $164,280 |
Source: Ownwell
Property Tax Bills Across Hardenville, Missouri
In Hardenville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $63,650, the assessed value is determined by local assessors. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the assessed value, local tax rates, and any applicable exemptions. In Hardenville, homeowners can expect tax bills varying significantly. The 25th percentile tax bill is around $207, while the 75th percentile reaches $967, and the 90th percentile can go up to $1,093. This variability affects homeowners differently depending on their property's assessed value and the specific tax rates in their area. Compared to the national median property tax rate of 0.99%, Hardenville's rates reflect local economic conditions and funding needs for public services, impacting homeowners' annual financial planning.
Average Hardenville Tax Bill
$414
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardenville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65666 | $139 | $207 | $414 | $967 | $1,093 |
Source: Ownwell