Houston, Missouri Property Taxes
The median property tax rate in Houston, MO is 0.77%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Houston at $78,905, the typical annual property tax bill reaches $604, significantly below the national median of $2,690. Property taxes in Houston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Houston'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 Houston 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
Houston, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$608
Ownwell’s Houston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houston 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 Houston, Missouri
Property taxes in Houston, Missouri, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Houston is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Houston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houston 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 Houston's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65483 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Houston provides valuable insights into the varying tax landscape across Texas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houston Tax Rate
0.77%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65483 | 0.69% | 0.74% | 0.77% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Houston, Missouri
In Houston, 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 Texas 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 Houston, 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 Houston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65483 has both the highest and lowest median tax bill at $604.
Average Houston Assessed Value
$78,905
Average Texas County Assessed Value
$74,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65483 | $31,576 | $49,768 | $78,905 | $116,898 | $168,117 |
Source: Ownwell
Property Tax Bills Across Houston, Missouri
In Houston, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The assessed value is then multiplied by the county's property tax rate. For homeowners in Texas County, MO, the median home price is $78,905. Property tax bills can vary significantly, with the 25th percentile at $388, the 75th percentile at $888, and the 90th percentile reaching up to $1,241. The tax rate in Texas County is crucial in determining the final bill, and it can have a substantial impact on homeowners. For instance, the highest median tax bill in the area is $604, found in the 65483 zip code. This figure is relatively low compared to the national median property tax rate of 0.99%, making Texas County an attractive option for homeowners looking for lower property taxes. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances effectively.
Average Houston Tax Bill
$604
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Houston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65483 | $246 | $388 | $604 | $888 | $1,241 |
Source: Ownwell