Highlandville, Missouri Property Taxes
The median property tax rate in Highlandville, MO is 0.95%, slightly lower than the national median of 0.99% and significantly below Missouri's state median of 1.20%. With the median home value in Highlandville at $64,250, the typical annual property tax bill amounts to $608, which is considerably less than the national median of $2,690. Property taxes in Highlandville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Highlandville'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 Highlandville or another part of Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Highlandville, 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 Highlandville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highlandville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highlandville 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 Highlandville, Missouri
Property taxes in Highlandville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highlandville is 0.95%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Highlandville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highlandville 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 Highlandville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65669 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Highlandville provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highlandville Tax Rate
0.95%
Average Stone County Tax Rate
0.93%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highlandville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65669 | 0.86% | 0.92% | 0.95% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Highlandville, Missouri
In Highlandville, 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 Stone 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 Highlandville 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 is 65669, both having a median tax bill of $608.
Average Highlandville Assessed Value
$64,250
Average Stone County Assessed Value
$50,150
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highlandville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65669 | $13,830 | $36,400 | $64,250 | $104,225 | $179,351 |
Source: Ownwell
Property Tax Bills Across Highlandville, Missouri
In Highlandville, property tax bills are calculated based on the assessed value of a home, which is determined by the Stone County assessor's office. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $64,250, homeowners can expect varying tax bills depending on specific factors like property size and location. Homeowners in Highlandville experience a range of tax bills. The 25th percentile tax bill is around $346, while the 75th percentile reaches approximately $975. At the higher end, the 90th percentile tax bill can be as much as $1,698. These variations reflect differences in property values and individual assessments. Compared to the national median property tax rate of 0.99%, Highlandville's tax bills are influenced by local policies and economic conditions, impacting homeowners' annual financial planning and overall affordability of owning property in the region.
Average Highlandville Tax Bill
$608
Average Stone County Tax Bill
$460
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Highlandville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65669 | $125 | $346 | $608 | $975 | $1,698 |
Source: Ownwell