Calhoun, Missouri Property Taxes
The median property tax rate in Calhoun, MO is 0.86%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Calhoun at $27,000, the typical annual property tax bill is $248, significantly below the national median of $2,690. Property taxes in Calhoun 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 Calhoun'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 Calhoun or another part of Henry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calhoun, 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 Calhoun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calhoun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calhoun 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 Calhoun, Missouri
Property taxes in Calhoun, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Calhoun is 0.86%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Calhoun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calhoun 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 Calhoun's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65323 has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Calhoun provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calhoun Tax Rate
0.86%
Average Henry County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calhoun, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65323 | 0.71% | 0.79% | 0.86% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Calhoun, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Calhoun, 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 Henry 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. In Calhoun, 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. For example, the median home price in Calhoun is $27,000, with tax bills ranging from $101 at the 25th percentile to $750 at the 90th percentile. The zip code 65323 has both the highest and lowest median tax bills at $248. Being aware of these valuation processes in Calhoun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Calhoun Assessed Value
$27,000
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 Calhoun, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65323 | $5,720 | $10,150 | $27,000 | $62,150 | $85,290 |
Source: Ownwell
Property Tax Bills Across Calhoun, Missouri
In Calhoun, located in Henry County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Calhoun can expect a wide range of tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $101, while the 75th percentile tax bill reaches $499, and the 90th percentile tax bill can be as high as $750. Compared to the national median property tax rate of 0.99%, Calhoun's median home price of $27,000 results in relatively low tax bills. The highest median tax bill in the area is $248, which is consistent across all zip codes, including 65323. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their decision to buy or sell property in the region. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Calhoun Tax Bill
$248
Average Henry County Tax Bill
$369
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Calhoun, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65323 | $48 | $101 | $248 | $499 | $750 |
Source: Ownwell