Hawk Point, Missouri Property Taxes
The median property tax rate in Hawk Point, MO is 1.17%, slightly below the state median of 1.20% but still higher than the national median of 0.99%. With a median home value of $106,515, the typical annual property tax bill in Hawk Point amounts to $1,272, which is lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hawk Point's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hawk Point or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hawk Point, 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 Hawk Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawk Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawk Point 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 Hawk Point, Missouri
Property taxes in Hawk Point, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawk Point is 1.17%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Hawk Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawk Point 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 Hawk Point's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63349 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Hawk Point provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hawk Point Tax Rate
1.17%
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawk Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63349 | 1.09% | 1.16% | 1.17% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Hawk Point, Missouri
In Hawk Point, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Lincoln County Assessor 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 Hawk Point, 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 Hawk Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63349 has the highest and lowest median tax bill at $1,272, highlighting the importance of understanding your specific situation.
Average Hawk Point Assessed Value
$106,515
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hawk Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63349 | $15,096 | $41,238 | $106,515 | $204,182 | $272,201 |
Source: Ownwell
Property Tax Bills Across Hawk Point, Missouri
In Hawk Point, Lincoln County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $106,515, the assessed value is determined, and the tax rate is applied to this value. Various factors influence the tax bill, including the property's location, improvements, and any applicable exemptions. Homeowners in Hawk Point can expect a wide range of property tax bills. At the 25th percentile, the tax bill is approximately $522, while at the 75th percentile, it rises to around $2,380. The top 10% of property tax bills reach up to $3,169. The median tax bill in the area stands at $1,272, which is slightly above the national median property tax rate of 0.99%. These taxes significantly impact homeowners, affecting monthly mortgage payments and overall housing affordability. Understanding how property taxes are calculated helps homeowners budget effectively and anticipate future financial obligations.
Average Hawk Point Tax Bill
$1,272
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawk Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63349 | $171 | $522 | $1,272 | $2,380 | $3,169 |
Source: Ownwell