Hurdland, Missouri Property Taxes
The median property tax rate in Hurdland, MO is 0.69%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Hurdland at $26,070, the typical annual property tax bill is $228, significantly below the national median of $2,690. Property taxes in Hurdland 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 Hurdland'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 Hurdland or another part of Knox County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurdland, 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 Hurdland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurdland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurdland 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 Hurdland, Missouri
Property taxes in Hurdland, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurdland is 0.69%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Hurdland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurdland 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 Hurdland's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63547 zip code has the highest median property tax rate of 0.69%, while the 63547 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Hurdland provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurdland Tax Rate
0.69%
Average Knox County Tax Rate
0.72%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurdland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63547 | 0.69% | 0.69% | 0.69% | 1.00% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Hurdland, Missouri
In Hurdland, 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 Knox 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 Hurdland, 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 Hurdland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hurdland is $26,070, with the highest median tax bill recorded at $228 in the zip code 63547.
Average Hurdland Assessed Value
$26,070
Average Knox County Assessed Value
$29,820
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurdland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63547 | $2,569 | $10,535 | $26,070 | $61,415 | $113,927 |
Source: Ownwell
Property Tax Bills Across Hurdland, Missouri
In Hurdland, located in Knox County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Hurdland is $26,070. The assessed value is then multiplied by the local tax rate to determine the final tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For homeowners in Hurdland, property tax bills can vary significantly. The 25th percentile tax bill is $79, while the 75th percentile reaches $514, and the 90th percentile can go up to $972. These variations highlight how different factors, such as property improvements and neighborhood changes, can impact the tax amount. Compared to the national median property tax rate of 0.99%, Hurdland's property taxes can be considerably lower, providing some financial relief to homeowners. However, understanding how these taxes are calculated is crucial for effective financial planning and property management.
Average Hurdland Tax Bill
$228
Average Knox County Tax Bill
$245
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurdland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63547 | $19 | $79 | $228 | $514 | $972 |
Source: Ownwell