Harwood, Missouri Property Taxes
The median property tax rate in Harwood, MO is 0.88%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $165,500 in Harwood, the typical annual property tax bill amounts to $1,463, significantly below the national median of $2,690. Property taxes in Harwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Harwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Harwood or another part of St. Clair County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harwood, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,456
Ownwell’s Harwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harwood 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 Harwood, Missouri
Property taxes in Harwood, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harwood is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Harwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harwood 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. Understanding how Harwood's effective property tax rate compares with other areas in St. Clair County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harwood Tax Rate
0.88%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64750 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Harwood, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harwood, 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 St. Clair 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 Harwood, 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 Harwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in the area is 64750, both with a value of $1,463.
Average Harwood Assessed Value
$165,500
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64750 | $165,500 | $165,500 | $165,500 | $165,500 | $165,500 |
Source: Ownwell
Property Tax Bills Across Harwood, Missouri
In Harwood, located in St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. In Harwood, the median home price is $165,500, and the property tax rate is applied to this assessed value to determine the tax bill. For homeowners in Harwood, the property tax bill is notably consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,463. This uniformity suggests a stable tax rate across different property values within the city. Compared to the national median property tax rate of 0.99%, Harwood's effective tax rate results in a relatively moderate tax burden for homeowners. The property tax bill impacts homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Harwood Tax Bill
$1,463
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Harwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64750 | $1,463 | $1,463 | $1,463 | $1,463 | $1,463 |
Source: Ownwell