Harrisburg, Missouri Property Taxes
The median property tax rate in Harrisburg, MO is 1.28%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Harrisburg at $97,010, the typical annual property tax bill reaches $1,665, exceeding the national median of $2,690. Property taxes in Harrisburg 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 Harrisburg'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 Harrisburg 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
Harrisburg, 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 Harrisburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisburg 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 Harrisburg, Missouri
Property taxes in Harrisburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisburg is 1.15%, higher than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Harrisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisburg 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 Harrisburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65256 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Harrisburg provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisburg Tax Rate
1.28%
Average Boone County Tax Rate
1.27%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65256 | 1.21% | 1.26% | 1.28% | 1.30% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, Missouri
In Harrisburg, 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 Boone 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 Harrisburg, 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. The median home price in Harrisburg is $97,010, with tax bills varying significantly across different percentiles. For instance, the tax bill at the 25th percentile is $925, while it rises to $2,386 at the 75th percentile, and reaches $3,158 at the 90th percentile. By understanding 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 Harrisburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harrisburg Assessed Value
$97,010
Average Boone County Assessed Value
$153,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65256 | $2,965 | $22,695 | $97,010 | $164,370 | $232,860 |
Source: Ownwell
Property Tax Bills Across Harrisburg, Missouri
In Harrisburg, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Boone County often see their tax bills influenced by the median home price of $97,010. The tax rate is applied to the assessed value to determine the final bill. Various factors, such as property location, size, and improvements, are considered in the assessment process. For instance, homeowners in Harrisburg typically encounter tax bills ranging from $925 at the 25th percentile to $3,158 at the 90th percentile. The median property tax rate in Harrisburg aligns closely with the national median of 0.99%, ensuring that local taxes remain competitive yet reflective of property values. This system impacts homeowners by directly linking their tax liabilities to their property's worth, ensuring fairness and proportionality in tax distribution. While the highest and lowest median tax bills are both $1,665 in the 65256 zip code, these figures provide a snapshot of the variability within the region.
Average Harrisburg Tax Bill
$1,665
Average Boone County Tax Bill
$2,051
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65256 | $437 | $925 | $1,665 | $2,386 | $3,158 |
Source: Ownwell