Houstonia, Missouri Property Taxes
The median property tax rate in Houstonia, MO is 1.06%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $88,030 in Houstonia, the typical annual property tax bill amounts to $950, which is below the national median of $2,690. Property taxes in Houstonia are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Houstonia'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 Houstonia 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
Houstonia, 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 Houstonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houstonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houstonia 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 Houstonia, Missouri
Property taxes in Houstonia, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houstonia is 1.06%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Houstonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houstonia 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 Houstonia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65333 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Houstonia provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houstonia Tax Rate
1.06%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houstonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65333 | 0.88% | 1.00% | 1.06% | 1.34% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Houstonia, Missouri
In Houstonia, 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 Pettis 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. 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 Houstonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 65333 has both the highest and lowest median tax bill at $950.
Average Houstonia Assessed Value
$88,030
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houstonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65333 | $21,190 | $45,700 | $88,030 | $147,275 | $209,100 |
Source: Ownwell
Property Tax Bills Across Houstonia, Missouri
In Houstonia, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and any improvements or renovations made. For homeowners in Houstonia, the median home price is $88,030. Property taxes can vary significantly, with the 25th percentile tax bill at $566 and the 75th percentile reaching $1,461. The 90th percentile tax bill can go up to $2,133. Compared to the national median property tax rate of 0.99%, Houstonia's tax rates can be relatively moderate, though they can still impact a homeowner's annual expenses considerably. Homeowners in the 65333 ZIP code experience a median tax bill of $950, indicating a consistent rate within this area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Houstonia Tax Bill
$950
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Houstonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65333 | $275 | $566 | $950 | $1,461 | $2,133 |
Source: Ownwell