Huntsville, Missouri Property Taxes
The median property tax rate in Huntsville, MO is 1.09%, slightly above the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $65,005 in Huntsville, the typical annual property tax bill amounts to $645, which is significantly below the national median of $2,690. Property taxes in Huntsville are calculated based on the assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Huntsville'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 Huntsville or another part of Randolph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huntsville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$709
Ownwell’s Huntsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntsville 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 Huntsville, Missouri
Property taxes in Huntsville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntsville is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Huntsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntsville 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 Huntsville's effective property tax rate to other areas and the national median. For comparison, the zip code 65259 has both the highest and lowest median property tax rate of 1.09%, illustrating the uniformity in tax rates within this region. Understanding how these cities compare with Huntsville provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntsville Tax Rate
1.09%
Average Randolph County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65259 | 0.77% | 0.89% | 1.09% | 1.13% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Huntsville, Missouri
In Huntsville, 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 Randolph 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 Huntsville, 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 Huntsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $645, found in the 65259 zip code.
Average Huntsville Assessed Value
$65,005
Average Randolph County Assessed Value
$62,225
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65259 | $13,781 | $30,000 | $65,005 | $114,852 | $188,491 |
Source: Ownwell
Property Tax Bills Across Huntsville, Missouri
In Huntsville, property tax bills are determined by the assessed value of the property, which is a percentage of its market value. The assessment ratio in Randolph County is applied to the market value to calculate the assessed value. Local tax rates are then applied to this assessed value to generate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners, this means that even within the same city, tax bills can vary significantly. For example, the 25th percentile tax bill in Huntsville is $292, while the 75th percentile reaches $1,109. The highest median tax bill in the area, found in zip code 65259, is $645. These figures highlight the range of property tax burdens faced by residents. Compared to the national median property tax rate of 0.99%, Huntsville's property taxes can be relatively moderate, but the impact on homeowners will depend on the specific assessed value of their property and the local tax rate applied.
Average Huntsville Tax Bill
$645
Average Randolph County Tax Bill
$705
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65259 | $137 | $292 | $645 | $1,109 | $1,831 |
Source: Ownwell