Hartsburg, Missouri Property Taxes
The median property tax rate in Hartsburg, MO is 2.01%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Hartsburg, the typical annual property tax bill reaches $46, which is significantly lower than the national median of $2,690. Property taxes in Hartsburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartsburg'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 Hartsburg 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
Hartsburg, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$46
Ownwell’s Hartsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartsburg 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 Hartsburg, Missouri
Property taxes in Hartsburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartsburg is 0.87%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Hartsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartsburg 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. Understanding how Hartsburg's effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartsburg Tax Rate
2.01%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65039 | 1.13% | 1.46% | 2.01% | 2.51% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Hartsburg, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hartsburg, 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 Morgan 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 Hartsburg, 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, residents in the zip code with the highest tax bills might see annual amounts around $374, while those in the lowest might see around $41. Being aware of these valuation processes in Hartsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartsburg Assessed Value
$2,300
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65039 | $1,420 | $1,750 | $2,300 | $26,350 | $40,780 |
Source: Ownwell
Property Tax Bills Across Hartsburg, Missouri
In Hartsburg, Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting its worth on the open market. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Hartsburg can expect varying tax bills depending on these factors. For example, the 25th percentile tax bill is $41, while the 75th percentile tax bill is $251, and the 90th percentile tax bill reaches $374. These figures highlight the range of property tax liabilities within the region. Compared to the national median property tax rate of 0.99%, Hartsburg's property tax rates can significantly impact homeowners' finances. Understanding how these taxes are calculated helps homeowners anticipate and manage their annual expenses more effectively.
Average Hartsburg Tax Bill
$46
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65039 | $38 | $41 | $46 | $251 | $374 |
Source: Ownwell