Hickory County Property Taxes
The median property tax rate in Hickory County is 0.74%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Hickory County, the typical annual property tax bill is $177, far below the national median of $2,690. Property taxes in Hickory County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hickory County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Wheatland or another part of Hickory County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hickory County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$188
Ownwell’s Hickory County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hickory County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hickory 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 Hickory County, Missouri
Property taxes in Hickory County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hickory County is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Hickory County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hickory 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. The following data compares Hickory County's effective property tax rate with other counties and the national median. For comparison, the city of Polk has one of the higher property tax rates in the region at 0.80%, while the city of Humansville boasts one of the lowest at 0.63%. Analyzing how Hickory County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hickory County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hickory County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cross Timbers | 0.43% | 0.59% | 0.68% | 0.76% | 0.83% |
| Edwards | 0.65% | 0.69% | 0.71% | 0.75% | 0.82% |
| Flemington | 0.55% | 0.67% | 0.73% | 0.75% | 0.76% |
| Hermitage | 0.58% | 0.70% | 0.73% | 0.74% | 0.75% |
| Humansville | 0.55% | 0.56% | 0.63% | 0.72% | 0.75% |
| Pittsburg | 0.68% | 0.73% | 0.74% | 0.75% | 0.76% |
| Polk | 0.64% | 0.70% | 0.80% | 0.82% | 0.84% |
| Preston | 0.57% | 0.67% | 0.75% | 0.79% | 0.81% |
| Quincy | 0.61% | 0.64% | 0.71% | 0.80% | 0.94% |
| Urbana | 0.57% | 0.72% | 0.78% | 0.81% | 0.83% |
| Warsaw | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Weaubleau | 0.59% | 0.68% | 0.78% | 0.81% | 0.82% |
| Wheatland | 0.64% | 0.71% | 0.74% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Hickory County, Missouri
In Hickory County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Hickory 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 Hickory 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. 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 Hickory County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For example, the highest median tax bill in the county is $1,040 in Humansville, while the lowest is $152 in Warsaw. This significant variation highlights the importance of understanding and managing your property's assessed value.
Average Hickory County Assessed Value
$25,410
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hickory County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cross Timbers | $14,280 | $21,060 | $27,890 | $55,560 | $113,540 |
| Edwards | $55,874 | $90,920 | $120,505 | $165,465 | $228,186 |
| Flemington | $11,197 | $18,158 | $35,735 | $54,908 | $116,224 |
| Hermitage | $10,360 | $16,720 | $27,270 | $41,768 | $65,080 |
| Humansville | $48,050 | $93,092 | $164,860 | $344,972 | $487,790 |
| Pittsburg | $10,550 | $14,838 | $23,085 | $34,090 | $47,347 |
| Polk | $12,148 | $22,315 | $39,260 | $71,380 | $90,652 |
| Preston | $11,530 | $17,690 | $37,220 | $86,180 | $169,762 |
| Quincy | $17,465 | $31,145 | $65,975 | $91,522 | $130,410 |
| Urbana | $13,474 | $18,700 | $27,580 | $43,700 | $64,022 |
| Warsaw | $20,731 | $20,822 | $20,975 | $21,128 | $21,219 |
| Weaubleau | $9,564 | $19,030 | $25,990 | $40,260 | $73,390 |
| Wheatland | $9,651 | $14,025 | $22,200 | $34,368 | $45,970 |
Source: Ownwell
Property Tax Bills Across Hickory County, Missouri
In Hickory County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including the home's location, size, and condition. For instance, the median home price in Hickory County is $25,410, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $111, while those in the 75th percentile pay approximately $280. The tax bill for the 90th percentile can reach up to $474. Comparing these figures to the national median property tax rate of 0.99%, Hickory County's property tax rates are relatively low. However, there is still significant variation within the county itself. For example, Humansville has the highest median tax bill at $1,040, whereas Warsaw has the lowest at $152. These differences can significantly impact homeowners, influencing both their monthly expenses and long-term financial planning.
Average Hickory County Tax Bill
$177
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hickory County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cross Timbers | $59 | $122 | $187 | $371 | $686 |
| Edwards | $430 | $655 | $800 | $1,097 | $1,594 |
| Flemington | $67 | $119 | $240 | $360 | $615 |
| Hermitage | $74 | $111 | $184 | $278 | $394 |
| Humansville | $279 | $527 | $1,040 | $1,954 | $3,313 |
| Pittsburg | $78 | $106 | $167 | $243 | $336 |
| Polk | $99 | $180 | $316 | $465 | $555 |
| Preston | $93 | $126 | $228 | $704 | $1,193 |
| Quincy | $123 | $217 | $511 | $591 | $889 |
| Urbana | $90 | $130 | $210 | $329 | $466 |
| Warsaw | $150 | $151 | $152 | $153 | $154 |
| Weaubleau | $77 | $144 | $192 | $325 | $493 |
| Wheatland | $68 | $102 | $158 | $242 | $331 |
Source: Ownwell