Harris, Mercer County, Missouri Property Taxes
The median property tax rate in Harris, MO is 1.16%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Harris at $53,363, the typical annual property tax bill is $664, which is significantly below the national median of $2,690. Property taxes in Harris are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Harris'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 Harris or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harris, Mercer County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$619
$574
Ownwell’s Harris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harris 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 Harris, Mercer County, Missouri
Property taxes in Harris, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harris is 1.16%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Harris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harris 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 Harris's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64645 zip code has both the highest and lowest median property tax rate of 1.16%. Understanding how these cities compare with Harris provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harris Tax Rate
1.16%
Average Mercer County Tax Rate
1.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harris, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64645 | 0.93% | 0.93% | 1.16% | 1.36% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Harris, Mercer County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harris, Missouri. The market value reflects the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Mercer 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 Harris, 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 instance, homeowners in the zip code 64645 see the highest median tax bill at $664, while the same zip code also has the lowest median tax bill, illustrating the importance of understanding these values. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Harris, Mercer County, Missouri
Source: Ownwell
$37,966
$45,665
$53,363
Average Harris Assessed Value
$53,363
Average Mercer County Assessed Value
$30,001
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harris, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64645 | $9,655 | $24,970 | $53,363 | $104,126 | $169,853 |
Source: Ownwell
Property Tax Bills Across Harris, Mercer County, Missouri
In Harris, Mercer County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Harris typically see a range of tax bills. For example, the 25th percentile tax bill is around $256, while the 75th percentile reaches approximately $1,404. At the higher end, the 90th percentile tax bill can go up to $2,379. The median home price in Harris is $53,363, which helps contextualize these tax amounts. Comparatively, the national median property tax rate is 0.99%, highlighting that Harris's property tax rates can vary significantly based on individual property assessments. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual housing costs.
Average Harris Tax Bill
$664
Average Mercer County Tax Bill
$364
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Harris, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64645 | $121 | $256 | $664 | $1,404 | $2,379 |
Source: Ownwell