High Hill, Montgomery County, Missouri Property Taxes
The median property tax rate in High Hill, MO is 1.13%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $34,450 in High Hill, the typical annual property tax bill is $398, which is significantly below the national median of $2,690. Property taxes in High Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding High Hill'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 High Hill 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
High Hill, Montgomery County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$389
$361
Ownwell’s High Hill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in High Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Hill 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 High Hill, Montgomery County, Missouri
Property taxes in High Hill, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Hill is 1.13%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within High Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Hill 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 High Hill's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63350 has both the highest and lowest median property tax rate of 1.13%. Understanding how these cities compare with High Hill provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High Hill Tax Rate
1.13%
Average Montgomery County Tax Rate
1.11%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Hill, Montgomery County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63350 | 1.08% | 1.09% | 1.13% | 1.15% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across High Hill, Montgomery County, Missouri
In High Hill, 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 Montgomery 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 High Hill, 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. Notably, the zip code 63350 in High Hill has both the highest and lowest median tax bill at $398. 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 High Hill, Montgomery County, Missouri
Source: Ownwell
$17,450
$53,275
$89,100
Average High Hill Assessed Value
$34,450
Average Montgomery County Assessed Value
$47,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High Hill, Montgomery County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63350 | $4,200 | $4,400 | $34,450 | $84,425 | $136,900 |
Source: Ownwell
Property Tax Bills Across High Hill, Montgomery County, Missouri
In High Hill, Montgomery County, MO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in High Hill is $34,450. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies within the county. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the 25th percentile of tax bills in High Hill is $63, while the 75th percentile reaches $915, indicating a significant variation depending on property specifics. The 90th percentile tax bill is $1,403, showing how higher-valued properties can lead to substantially higher tax obligations. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, the property taxes in High Hill can be relatively modest, providing some financial relief to homeowners while still contributing to community services.
Average High Hill Tax Bill
$398
Average Montgomery County Tax Bill
$560
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across High Hill, Montgomery County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63350 | $47 | $63 | $398 | $915 | $1,403 |
Source: Ownwell