Pleasant Hill, Missouri Property Taxes
The median property tax rate in Pleasant Hill, MO is 1.41%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pleasant Hill at $47,100, the typical annual property tax bill reaches $662, which is below the national median of $2,690. Property taxes in Pleasant Hill 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 Pleasant 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 Pleasant 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
Pleasant Hill, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$664
Ownwell’s Pleasant Hill Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pleasant Hill. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Pleasant Hill to provide an estimate of your property tax bill. This powerful tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down. Remember, your property’s assessed value is determined by the county for tax purposes and may include applicable exemptions.
Property Tax Rates Across Pleasant Hill, Missouri
Property taxes in Pleasant Hill, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hill is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pleasant Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant 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 Pleasant Hill's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64080 has the highest and lowest median property tax rate of 1.41%. Understanding how these cities compare with Pleasant Hill provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hill Tax Rate
1.41%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64080 | 1.03% | 1.17% | 1.41% | 1.79% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hill, Missouri
In Pleasant 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 local county authorities 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 Pleasant 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. For instance, the zip code with the highest median tax bill is 64080, with a median tax bill of $662. 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 Pleasant Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pleasant Hill Assessed Value
$47,100
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 Pleasant Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64080 | $11,020 | $24,550 | $47,100 | $90,750 | $116,940 |
Source: Ownwell
Property Tax Bills Across Pleasant Hill, Missouri
In Pleasant Hill, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Pleasant Hill stands at $47,100. Tax rates are applied to this assessed value to determine the tax bill. Factors such as local government budgets, school funding, and public services influence these rates. For homeowners, the tax bill can vary significantly. The 25th percentile tax bill is $353, while the 75th percentile reaches $961, and the 90th percentile can go up to $1,141. These variations reflect differences in property values and tax rates within the area. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates can impact homeowners differently. In Pleasant Hill, the highest and lowest median tax bills are both recorded at $662 in the 64080 zip code, indicating some consistency in certain areas. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Pleasant Hill Tax Bill
$662
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64080 | $167 | $353 | $662 | $961 | $1,141 |
Source: Ownwell