Henry County, Missouri Property Taxes
The median property tax rate in Henry County is 0.95%, which is slightly lower than the national median of 0.99% and significantly below Missouri's state median of 1.20%. With a median home value of $36,250, the typical annual property tax bill in Henry County is $369, far less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the actual market value due to various exemptions like those for primary residences and agricultural properties. Understanding Henry County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Clinton or another part of Henry County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henry County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$344
$320
Ownwell’s Henry County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Henry County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Henry County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Henry County, Missouri
Property taxes in Henry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Henry County is 0.95%, which is lower than the Missouri state median and the U.S. national median of 0.99%. Local government entities within Henry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Henry County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Montrose has one of the higher property tax rates in Missouri at 1.26%, while the city of Calhoun boasts one of the lowest at 0.86%. Analyzing how Henry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Henry County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henry County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blairstown | 0.79% | 0.87% | 0.91% | 1.43% | 1.43% |
| Calhoun | 0.71% | 0.79% | 0.86% | 1.04% | 1.04% |
| Chilhowee | 0.75% | 0.84% | 0.92% | 0.93% | 0.93% |
| Clinton | 0.75% | 0.75% | 0.90% | 0.95% | 0.95% |
| Creighton | 1.03% | 1.11% | 1.19% | 1.22% | 1.23% |
| Deepwater | 0.88% | 0.90% | 0.95% | 0.96% | 1.08% |
| Leeton | N/A | N/A | N/A | N/A | N/A |
| Montrose | 0.85% | 0.96% | 1.26% | 1.27% | 1.27% |
| Urich | 0.97% | 1.08% | 1.19% | 1.28% | 1.29% |
| Windsor | 0.79% | 0.86% | 1.02% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Henry County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Henry County, Missouri. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Henry County Appraisal District. The assessed value, however, 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 Henry County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Henry County is $36,250, with tax bills ranging from $170 at the 25th percentile to $1,587 at the 90th percentile. Creighton has the highest median tax bill at $716, while Calhoun has the lowest at $248. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Henry County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Henry County Assessed Value
$36,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henry County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blairstown | $6,070 | $16,150 | $39,810 | $88,300 | $159,980 |
| Calhoun | $5,720 | $10,150 | $27,000 | $62,150 | $85,290 |
| Chilhowee | $20,510 | $34,675 | $46,300 | $60,450 | $111,410 |
| Clinton | $10,000 | $19,700 | $44,500 | $125,800 | $194,000 |
| Creighton | $20,050 | $36,725 | $59,550 | $114,300 | $164,380 |
| Deepwater | $9,580 | $18,800 | $32,000 | $53,400 | $87,520 |
| Leeton | N/A | N/A | N/A | N/A | N/A |
| Montrose | $4,820 | $8,800 | $23,000 | $42,200 | $76,140 |
| Urich | $5,300 | $11,400 | $29,600 | $71,800 | $132,900 |
| Windsor | $6,820 | $12,800 | $27,000 | $66,450 | $109,860 |
Source: Ownwell
Property Tax Bills Across Henry County, Missouri
In Henry County, MO, property tax bills are determined based on the assessed value of the property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Key factors influencing the tax bill include the property's market value, the assessment ratio set by the county, and the local tax rate. For homeowners in Henry County, the median home price stands at $36,250. The tax bills vary significantly, with the 25th percentile at $170 and the 75th percentile at $760. The 90th percentile reaches up to $1,587. The city with the highest median tax bill is Creighton at $716, while Calhoun has the lowest at $248. Compared to the national median property tax rate of 0.99%, Henry County's tax bills reflect a range of economic conditions within the region, impacting homeowners differently based on their property's assessed value and location within the county.
Average Henry County Tax Bill
$369
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Henry County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blairstown | $82 | $168 | $477 | $864 | $1,703 |
| Calhoun | $48 | $101 | $248 | $499 | $750 |
| Chilhowee | $191 | $294 | $430 | $533 | $861 |
| Clinton | $107 | $237 | $507 | $1,285 | $1,990 |
| Creighton | $239 | $431 | $716 | $1,385 | $2,052 |
| Deepwater | $94 | $178 | $317 | $509 | $805 |
| Leeton | N/A | N/A | N/A | N/A | N/A |
| Montrose | $61 | $108 | $274 | $452 | $671 |
| Urich | $70 | $125 | $458 | $867 | $1,645 |
| Windsor | $76 | $126 | $253 | $580 | $1,107 |
Source: Ownwell