Highlandville, Missouri Property Taxes
The median property tax rate in Highlandville, MO is 0.85%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $155,700 in Highlandville, the typical annual property tax bill amounts to $1,302, significantly below the national median of $2,690. Property taxes in Highlandville are determined based on the assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Highlandville'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 Highlandville or another part of Christian County, familiarizing yourself with 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 Christian County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Highlandville, Missouri
Property taxes in Highlandville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highlandville is 0.85%, which is lower than 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 areas in Christian County and the national median. For comparison, the zip code 65669 has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Highlandville provides valuable insights into the varying tax landscape across Christian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highlandville Tax Rate
0.85%
Average Christian County Tax Rate
1.08%
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 | 0.73% | 0.79% | 0.85% | 0.90% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Highlandville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Highlandville, 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 Christian County Assessor's Office 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 Highlandville, 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. In Highlandville, the zip code 65669 has the highest and lowest median tax bill, both at $1,302, reflecting the local property tax landscape.
Average Highlandville Assessed Value
$155,700
Average Christian County Assessed Value
$157,000
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 | $75,840 | $114,050 | $155,700 | $215,400 | $285,220 |
Source: Ownwell
Property Tax Bills Across Highlandville, Missouri
In Highlandville, located in Christian County, MO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Highlandville is $155,700. Homeowners at the 25th percentile can expect a tax bill around $899, while those at the 75th percentile might see a bill of $1,792. At the 90th percentile, the tax bill can reach $2,426. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Highlandville's rates reflect the local economic conditions and public service needs.
Average Highlandville Tax Bill
$1,302
Average Christian County Tax Bill
$1,599
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 | $569 | $899 | $1,302 | $1,792 | $2,426 |
Source: Ownwell