Hale, Carroll County, Missouri Property Taxes
The median property tax rate in Hale, MO is 1.15%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Hale, the typical annual property tax bill amounts to $581, which is significantly lower than the national median of $2,690. Property taxes in Hale are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Hale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Hale or another part of Carroll County, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Hale, Carroll County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$598
$555
Ownwell’s Hale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hale 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 Hale, Carroll County, Missouri
Property taxes in Hale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hale is 1.15%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Hale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hale 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 Hale's effective property tax rate to other regions in Missouri and the national median. For comparison, the 64643 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Hale provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hale Tax Rate
1.15%
Average Carroll County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hale, Carroll County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64643 | 0.92% | 1.07% | 1.15% | 1.15% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Hale, Carroll County, Missouri
In Hale, 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 Carroll 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. Assessment notices in Hale 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. The median home price in Hale is $51,984, with tax bills ranging from $313 at the 25th percentile to $1,616 at the 90th percentile. Notably, the highest and lowest median tax bills are both $581 in the 64643 zip code. Being aware of these valuation processes in Hale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hale, Carroll County, Missouri
Source: Ownwell
$41,350
$60,353
$79,355
Average Hale Assessed Value
$51,984
Average Carroll County Assessed Value
$54,921
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hale, Carroll County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64643 | $9,147 | $27,651 | $51,984 | $96,735 | $160,955 |
Source: Ownwell
Property Tax Bills Across Hale, Carroll County, Missouri
In Hale, located in Carroll County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and applies an assessment ratio. This ratio typically varies but is crucial in determining the tax liability. For instance, with a median home price of $51,984, the property taxes can range significantly. Homeowners in the 25th percentile might see tax bills around $313, whereas those in the 75th percentile could face bills as high as $1,006. At the 90th percentile, tax bills can reach $1,616. These tax bills directly impact homeowners by influencing their annual financial obligations. Understanding how these factors interplay helps homeowners anticipate their tax responsibilities and manage their budgets effectively. Compared to the national median property tax rate of 0.99%, Hale’s property tax rates can be quite variable, reflecting the assessed values and local tax policies. This variability is essential for homeowners to consider when planning long-term financial commitments.
Average Hale Tax Bill
$581
Average Carroll County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hale, Carroll County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64643 | $103 | $313 | $581 | $1,006 | $1,616 |
Source: Ownwell