Harrisburg, Missouri Property Taxes
The median property tax rate in Harrisburg, MO is 1.35%, 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 $103,930, the typical annual property tax bill reaches $1,456, 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
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,403
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, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisburg is 1.35%, higher than 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 1.35%, while the 65256 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Harrisburg provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisburg Tax Rate
1.35%
Average Howard County Tax Rate
1.31%
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 | 1.11% | 1.23% | 1.35% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harrisburg, 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 Howard 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in Harrisburg is $1456 in the 65256 zip code, while the lowest median tax bill is also $1456 in the same zip code. By being aware of these valuation processes, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harrisburg Assessed Value
$103,930
Average Howard County Assessed Value
$68,234
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 | $24,114 | $49,625 | $103,930 | $175,665 | $215,122 |
Source: Ownwell
Property Tax Bills Across Harrisburg, Missouri
In Harrisburg, located in Howard County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local assessor's office. Homeowners in Harrisburg pay a median property tax rate of approximately 1.40%, which is higher than the national median of 0.99%. For a home with a median market price of $103,930, homeowners can expect to pay around $1,456 annually in property taxes. However, this amount can vary significantly. For instance, at the 25th percentile, the tax bill is about $638, while at the 75th percentile, it rises to $2,338. At the 90th percentile, homeowners might see tax bills as high as $2,952. These property taxes fund essential public services such as schools, emergency services, and infrastructure improvements. As such, understanding how these taxes are calculated can help homeowners budget more effectively and anticipate changes in their annual expenses.
Average Harrisburg Tax Bill
$1,456
Average Howard County Tax Bill
$882
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 | $341 | $638 | $1,456 | $2,338 | $2,952 |
Source: Ownwell