Hartsburg, Missouri Property Taxes
The median property tax rate in Hartsburg, MO is 1.20%, aligning with the state median but significantly higher than the national median of 0.99%. With a median home value of $137,020 in Hartsburg, the typical annual property tax bill amounts to $1,637, which is below the national median of $2,690. Property taxes in Hartsburg are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Hartsburg's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial yearly savings. Whether you're in the heart of Hartsburg or another part of Callaway County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartsburg, 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 Hartsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartsburg 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 Hartsburg, Missouri
Property taxes in Hartsburg, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartsburg is 1.20%, which is significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Hartsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartsburg 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 Hartsburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65039 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with Hartsburg provides valuable insights into the varying tax landscape across Callaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartsburg Tax Rate
1.20%
Average Callaway County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65039 | 0.75% | 1.13% | 1.20% | 1.23% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hartsburg, Missouri
In Hartsburg, 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 Callaway 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 Hartsburg, 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 Hartsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 65039, both standing at $1,637.
Average Hartsburg Assessed Value
$137,020
Average Callaway County Assessed Value
$118,130
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65039 | $37,908 | $75,972 | $137,020 | $173,795 | $232,731 |
Source: Ownwell
Property Tax Bills Across Hartsburg, Missouri
In Hartsburg, located in Callaway County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the home's market value. For homeowners in Hartsburg, the median home price is $137,020. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as location, property size, and improvements can influence the assessed value, thereby affecting the tax bill. For example, the tax bill at the 25th percentile is $850, while at the 75th percentile, it rises to $2,013, and at the 90th percentile, it reaches $2,743. This variation means that homeowners with higher-valued properties or those in more desirable areas may face higher tax bills. Comparatively, the national median property tax rate is 0.99%, which helps to provide context for understanding local tax burdens. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Hartsburg Tax Bill
$1,637
Average Callaway County Tax Bill
$1,342
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65039 | $278 | $850 | $1,637 | $2,013 | $2,743 |
Source: Ownwell