Pleasant Hope, Polk County, Missouri Property Taxes
The median property tax rate in Pleasant Hope, MO is 0.99%, aligning with the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $74,368 in Pleasant Hope, the typical annual property tax bill is $677, significantly below the national median of $2,690. Property taxes in Pleasant Hope are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pleasant Hope'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 Hope or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant Hope, Polk County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$736
$683
Ownwell’s Pleasant Hope Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Hope with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Hope 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 Pleasant Hope, Polk County, Missouri
Property taxes in Pleasant Hope, Missouri, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hope is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Pleasant Hope set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Hope 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 Hope's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65725 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Pleasant Hope provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hope Tax Rate
0.99%
Average Polk County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hope, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65725 | 0.81% | 0.94% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hope, Polk County, Missouri
In Pleasant Hope, 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 Polk 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 Pleasant Hope, 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 Pleasant Hope 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 bills in Polk County is 65725, both having a median tax bill of $677.
Property Tax Assessment Values Across Pleasant Hope, Polk County, Missouri
Source: Ownwell
$19,386
$60,099
$100,811
Average Pleasant Hope Assessed Value
$74,368
Average Polk County Assessed Value
$49,465
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Hope, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65725 | $15,558 | $36,895 | $74,368 | $109,000 | $155,937 |
Source: Ownwell
Property Tax Bills Across Pleasant Hope, Polk County, Missouri
In Pleasant Hope, located in Polk County, 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 Hope is $74,368. Local tax rates are then applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $304 annually, while those in the 75th percentile face bills closer to $1,008. The highest tax bills, in the 90th percentile, can reach up to $1,453. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Pleasant Hope offers relatively affordable property taxes, which can be a significant financial consideration for homeowners. Lower tax bills can make homeownership more accessible and less financially burdensome in this region.
Average Pleasant Hope Tax Bill
$677
Average Polk County Tax Bill
$421
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hope, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65725 | $119 | $304 | $677 | $1,008 | $1,453 |
Source: Ownwell