Houstonia, Missouri Property Taxes
The median property tax rate in Houstonia, MO is 1.09%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $99,284 in Houstonia, the typical annual property tax bill amounts to $1,128, which is below the national median of $2,690. Property taxes in Houstonia are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Houstonia's property tax system, exploring available exemptions, and identifying opportunities for reductions can yield significant annual savings. Whether you're in the heart of Houstonia or another part of the city, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Houstonia, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,082
Ownwell’s Houstonia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Houstonia with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Houstonia to provide an accurate estimate of your property tax bill. This insightful tool enables you to understand potential tax liabilities better. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value, determined by Saline County, is used for calculating property taxes and includes any applicable exemptions.
Property Tax Rates Across Houstonia, Missouri
Property taxes in Houstonia, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houstonia is 1.09%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Houstonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houstonia 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 Houstonia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65333 zip code has the highest median property tax rate of 1.09%, while the same 65333 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Houstonia provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houstonia Tax Rate
1.09%
Average Saline County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houstonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65333 | 0.96% | 1.06% | 1.09% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Houstonia, Missouri
In Houstonia, 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 Saline 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 Houstonia, 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 Houstonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Houstonia is $99,284, with median tax bills ranging from $608 at the 25th percentile to $2,548 at the 90th percentile. The zip code 65333 has both the highest and lowest median tax bill, which is $1,128.
Average Houstonia Assessed Value
$99,284
Average Saline County Assessed Value
$78,621
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houstonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65333 | $10,229 | $51,137 | $99,284 | $145,867 | $219,720 |
Source: Ownwell
Property Tax Bills Across Houstonia, Missouri
In Houstonia, Saline County, MO, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This assessed value is a percentage of the market value of your property. For homeowners in Houstonia, the median home price is $99,284. Using this as a basis, property taxes can vary significantly. For instance, the 25th percentile tax bill is around $608, while the 75th percentile tax bill can reach up to $1,752. At the higher end, the 90th percentile tax bill is approximately $2,548. These figures highlight the range of property tax burdens homeowners might face, depending on their property's assessed value and the local tax rate. Comparatively, the median tax bill in Houstonia is $1,128, which aligns with the highest and lowest median tax bills reported in the area, both at $1,128. This is notably higher than the national median property tax rate of 0.99%, indicating that property taxes in Houstonia can be a significant expense for homeowners.
Average Houstonia Tax Bill
$1,128
Average Saline County Tax Bill
$974
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Houstonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65333 | $183 | $608 | $1,128 | $1,752 | $2,548 |
Source: Ownwell