Howard County, Missouri Property Taxes
The median property tax rate in Howard County is 1.31%, which is significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Howard County at $68,234, the typical annual property tax bill is $882, which is lower than the national median of $2,690. Property taxes in Howard 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 Howard 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 Fayette or another part of Howard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howard County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$894
$829
Ownwell’s Howard County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Howard County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Howard 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 Howard County, Missouri
Property taxes in Howard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Howard County is 1.31%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Howard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Howard 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 Howard County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of New Franklin has one of the higher property tax rates in Missouri at 1.49%, while the city of Salisbury boasts one of the lowest at 1.11%. Analyzing how Howard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Howard County Tax Rate
1.31%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armstrong | 0.99% | 1.11% | 1.30% | 1.49% | 1.49% |
| Clark | 1.09% | 1.20% | 1.29% | 1.32% | 1.38% |
| Fayette | 1.10% | 1.26% | 1.31% | 1.31% | 1.32% |
| Franklin | 1.10% | 1.24% | 1.31% | 1.37% | 1.56% |
| Glasgow | 1.07% | 1.25% | 1.46% | 1.47% | 1.47% |
| Harrisburg | 1.11% | 1.23% | 1.35% | 1.42% | 1.43% |
| Higbee | 0.98% | 1.08% | 1.21% | 1.31% | 1.37% |
| New Franklin | 1.26% | 1.37% | 1.49% | 1.49% | 1.49% |
| Rocheport | 1.07% | 1.20% | 1.32% | 1.38% | 1.43% |
| Salisbury | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Howard County, Missouri
In Howard 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 Howard 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 Howard 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. For instance, Harrisburg has the highest median tax bill at $1,456, while Armstrong has the lowest at $476. Being aware of these valuation processes in Howard County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Howard County Assessed Value
$68,234
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howard County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armstrong | $8,462 | $17,993 | $40,980 | $99,480 | $155,505 |
| Clark | $25,183 | $60,706 | $95,648 | $131,010 | $154,012 |
| Fayette | $22,203 | $41,839 | $72,003 | $118,739 | $196,918 |
| Franklin | $8,650 | $20,470 | $49,195 | $117,520 | $188,905 |
| Glasgow | $21,682 | $32,702 | $57,565 | $98,734 | $162,793 |
| Harrisburg | $24,114 | $49,625 | $103,930 | $175,665 | $215,122 |
| Higbee | $17,714 | $28,035 | $73,242 | $123,621 | $177,194 |
| New Franklin | $25,643 | $40,002 | $67,440 | $108,260 | $180,644 |
| Rocheport | $48,804 | $71,258 | $101,118 | $158,956 | $204,105 |
| Salisbury | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Howard County, Missouri
Property tax bills in Howard County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. The county's median home price is $68,234, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property location, home improvements, and any applicable exemptions or deductions. For homeowners in Howard County, the tax bill can vary significantly. The 25th percentile tax bill is approximately $481, while the 75th percentile tax bill reaches $1,472. At the higher end, the 90th percentile tax bill is around $2,402. This range shows how property taxes can impact homeowners differently depending on their property's assessed value and specific circumstances. Comparatively, the national median property tax rate is 0.99%, making Howard County's property taxes relatively moderate. However, understanding these factors can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Howard County Tax Bill
$882
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armstrong | $121 | $256 | $476 | $1,093 | $1,863 |
| Clark | $307 | $760 | $1,239 | $1,598 | $2,071 |
| Fayette | $291 | $541 | $920 | $1,518 | $2,486 |
| Franklin | $132 | $284 | $645 | $1,418 | $2,489 |
| Glasgow | $296 | $450 | $788 | $1,280 | $2,082 |
| Harrisburg | $341 | $638 | $1,456 | $2,338 | $2,952 |
| Higbee | $190 | $324 | $828 | $1,433 | $2,250 |
| New Franklin | $369 | $592 | $966 | $1,501 | $2,415 |
| Rocheport | $619 | $921 | $1,371 | $2,067 | $2,663 |
| Salisbury | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell