Hale, Livingston County, Missouri Property Taxes
The median property tax rate in Hale, MO is 1.06%, slightly higher than the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $60,120 in Hale, the typical annual property tax bill amounts to $578, which is significantly lower than the national median of $2,690. Property taxes in Hale are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Hale's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve notable annual savings. Whether you reside in Hale or another part of Livingston County, gaining insight into the local property tax system can lead to financial benefits.
Last Updated June 14, 2024
Hale, Livingston County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$637
$591
Ownwell’s HALE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HALE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HALE 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 Hale, Livingston County, Missouri
Property taxes in Hale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hale is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Hale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hale 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 Hale's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64643 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Hale provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hale Tax Rate
1.06%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hale, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64643 | 0.81% | 0.91% | 1.06% | 1.18% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Hale, Livingston County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hale, 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 Livingston 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 Hale, 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 Hale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 64643, with a median tax bill of $578.
Property Tax Assessment Values Across Hale, Livingston County, Missouri
Source: Ownwell
$32,280
$62,643
$93,005
Average Hale Assessed Value
$60,120
Average Livingston County Assessed Value
$65,985
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hale, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64643 | $9,572 | $27,930 | $60,120 | $97,885 | $149,428 |
Source: Ownwell
Property Tax Bills Across Hale, Livingston County, Missouri
In Hale, located in Livingston County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Hale can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $282, while the 75th percentile tax bill is $1108, and the 90th percentile tax bill reaches up to $1488. These figures indicate a wide range in property tax bills, reflecting differences in property values and possibly the application of various exemptions. The median home price in Hale is $60,120, which influences the overall property tax amount. Compared to the national median property tax rate of 0.99%, Hale's property tax bills can be considered moderate. Homeowners need to be aware of these factors, as they directly impact annual financial planning and the overall cost of homeownership in the area. Understanding how these elements come together helps homeowners anticipate and manage their property tax obligations effectively.
Average Hale Tax Bill
$578
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hale, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64643 | $103 | $282 | $578 | $1,108 | $1,488 |
Source: Ownwell