Havre De Grace, Missouri Property Taxes
The median property tax rate in Havre de Grace, MO is 1.57%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Havre de Grace, the typical annual property tax bill reaches $58, exceeding the national median of $2,690. Property taxes in Havre de Grace 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 Havre de Grace'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 Havre de Grace 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
Havre De Grace, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$58
Ownwell’s Havre de Grace Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havre de Grace with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havre de Grace 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 Morgan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Havre De Grace, Missouri
Property taxes in Havre de Grace, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Havre de Grace is 1.57%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Havre de Grace set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havre de Grace 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 Havre de Grace's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the region is 1.57%, while the lowest median tax rate is still higher than the national average. Understanding how these cities compare with Havre de Grace 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 Havre De Grace Tax Rate
1.57%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havre De Grace, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Havre De Grace, Missouri
In Havre de Grace, 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 Morgan 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 Havre de Grace, 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 Havre de Grace helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $3,700, with tax bills ranging around $58 across different percentiles.
Average Havre De Grace Assessed Value
$3,700
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 Havre De Grace, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Havre De Grace, Missouri
In Havre de Grace, Morgan County, MO, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is a percentage of the property's market value, which local assessors determine periodically. For example, if a home has a median market value of $3,700, the assessed value is derived from this figure. Once the assessed value is established, the local tax rate, which is expressed as a percentage, is applied to calculate the tax bill. In this region, homeowners can expect a tax bill around $58, which remains consistent across the 25th, 75th, and 90th percentiles. This suggests a relatively uniform tax burden for most property owners in the area. Compared to the national median property tax rate of 0.99%, the tax rate in Havre de Grace is significantly lower, offering a more affordable property tax environment. This lower tax burden can make homeownership more accessible and financially manageable for residents.
Average Havre De Grace Tax Bill
$58
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Havre De Grace, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell