Hartshorn, Missouri Property Taxes
The median property tax rate in Hartshorn, MO is 0.66%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $51,600 in Hartshorn, the typical annual property tax bill amounts to $350, well below the national median of $2,690. Property taxes in Hartshorn 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 Hartshorn'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 Hartshorn 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
Hartshorn, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$341
Ownwell’s Hartshorn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartshorn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartshorn 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 Hartshorn, Missouri
Property taxes in Hartshorn, Missouri, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hartshorn is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Hartshorn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartshorn 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 Hartshorn's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65479 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these figures compare with Hartshorn provides valuable insights into the varying tax landscape across Shannon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartshorn Tax Rate
0.66%
Average Shannon County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartshorn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65479 | 0.58% | 0.62% | 0.66% | 0.69% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Hartshorn, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hartshorn, 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 Shannon 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 Hartshorn, 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 median home price in Hartshorn is $51,600, with tax bills ranging from $237 at the 25th percentile to $869 at the 90th percentile. Notably, the zip code 65479 has both the highest and lowest median tax bills, each at $350. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartshorn Assessed Value
$51,600
Average Shannon County Assessed Value
$46,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartshorn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65479 | $22,660 | $35,300 | $51,600 | $84,200 | $138,920 |
Source: Ownwell
Property Tax Bills Across Hartshorn, Missouri
Property tax bills in Hartshorn, Shannon County, MO, are calculated based on the assessed value of a property, which is typically a percentage of its market value. In this area, the median home price is $51,600. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, homeowners in Hartshorn can expect tax bills to vary significantly, with the 25th percentile paying around $237 and the 75th percentile paying approximately $515. The highest tax bills in the area reach up to $869, reflecting the variability in property values and tax rates. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Hartshorn's rates offer a different perspective on property taxation, highlighting the local nuances that affect homeowners' financial responsibilities.
Average Hartshorn Tax Bill
$350
Average Shannon County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartshorn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65479 | $139 | $237 | $350 | $515 | $869 |
Source: Ownwell