Humansville, Missouri Property Taxes
The median property tax rate in Humansville, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Humansville at $26,579, the typical annual property tax bill is $248, considerably less than 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 various exemptions, such as 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 the city, 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
0.96%
Estimate Property Tax Bill
$255
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 0.96%, which is slightly 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 Polk County is 0.96%, while the lowest median tax rate is also 0.96%, indicating a consistent tax rate across different areas within the county. Understanding how these cities compare with Humansville provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Humansville Tax Rate
0.96%
Average Polk County Tax Rate
0.91%
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 | 0.71% | 0.82% | 0.96% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Humansville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Humansville, 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 Polk County Assessor 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. For instance, the highest median tax bill in Humansville is $248 in the 65674 zip code, while the lowest median tax bill is also $248 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Humansville Assessed Value
$26,579
Average Polk County Assessed Value
$49,465
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 | $5,421 | $11,184 | $26,579 | $56,342 | $89,232 |
Source: Ownwell
Property Tax Bills Across Humansville, Missouri
In Humansville, located in Polk County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by assessing a percentage of the home's market value. Homeowners in this region face varying tax bills depending on several factors, including property size and location. For instance, tax bills can range significantly, with the 25th percentile at $107 and the 75th percentile at $518. The highest median tax bill in the area is $248, which is relatively low compared to the national median property tax rate of 0.99%. The tax bill directly impacts homeowners by influencing their annual financial planning and potentially affecting the affordability of homeownership. Lower property taxes can be a financial relief, making it easier for residents to manage their budgets. Conversely, higher tax bills might require more careful financial management. Understanding these dynamics can help residents better prepare for their property tax obligations and make informed decisions about their real estate investments.
Average Humansville Tax Bill
$248
Average Polk County Tax Bill
$421
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 | $52 | $107 | $248 | $518 | $781 |
Source: Ownwell