Harrisonville, Missouri Property Taxes
The median property tax rate in Harrisonville, MO is 0.88%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Harrisonville at $21,750, the typical annual property tax bill is $185, significantly below the national median of $2,690. Property taxes in Harrisonville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Harrisonville'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 Harrisonville 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
Harrisonville, 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 Harrisonville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Harrisonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisonville 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 Harrisonville, Missouri
Property taxes in Harrisonville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisonville is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Harrisonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisonville 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 Harrisonville's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64701 in Harrisonville has both the highest and lowest median property tax rate of 0.88%. Understanding how these figures compare with other regions provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisonville Tax Rate
0.88%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64701 | 0.81% | 0.85% | 0.88% | 1.28% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Harrisonville, Missouri
In Harrisonville, 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 local 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 Harrisonville, 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 Harrisonville is $21,750, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $96, while the 75th percentile tax bill is $495. The highest and lowest median tax bills are both $185 in the 64701 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harrisonville Assessed Value
$21,750
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64701 | $4,400 | $8,800 | $21,750 | $63,125 | $131,300 |
Source: Ownwell
Property Tax Bills Across Harrisonville, Missouri
In Harrisonville, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which in Harrisonville is determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Harrisonville face a median property tax rate of 0.99%, aligning with the national median. For instance, with a median home price of $21,750, the 25th percentile tax bill is $96, while the 75th percentile reaches $495. For those in the 90th percentile, tax bills can climb up to $1,135. The highest and lowest median tax bills in the area are both recorded at $185 in the zip code 64701. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Therefore, understanding how property taxes are calculated can help homeowners better anticipate their annual financial obligations.
Average Harrisonville Tax Bill
$185
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64701 | $65 | $96 | $185 | $495 | $1,135 |
Source: Ownwell