Hartshorn, Texas County, Missouri Property Taxes
The median property tax rate in Hartshorn, MO is 0.68%, significantly lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Hartshorn, the typical annual property tax bill amounts to $335, 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 substantial annual savings. Whether you're in the heart of Hartshorn or another part of Texas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartshorn, Texas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$340
$315
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, Texas County, Missouri
Property taxes in Hartshorn, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartshorn is 0.68%, which is lower than both the Missouri state median and 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 counties in Missouri and the national median. For comparison, the 65479 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Hartshorn provides valuable insights into the varying tax landscape across Texas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartshorn Tax Rate
0.68%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartshorn, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65479 | 0.60% | 0.65% | 0.68% | 0.70% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Hartshorn, Texas County, Missouri
In Hartshorn, 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 Texas 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. 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 Hartshorn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $335 in the 65479 zip code, while the lowest median tax bill is also $335 in the same zip code, reflecting a uniformity in property tax assessments.
Property Tax Assessment Values Across Hartshorn, Texas County, Missouri
Source: Ownwell
$47,880
$79,465
$111,050
Average Hartshorn Assessed Value
$49,940
Average Texas County Assessed Value
$74,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartshorn, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65479 | $17,120 | $27,315 | $49,940 | $83,255 | $132,834 |
Source: Ownwell
Property Tax Bills Across Hartshorn, Texas County, Missouri
In Hartshorn, located in Texas County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessment process involves determining the market value of the property and then applying the state’s assessment ratio. For homeowners in Hartshorn, the median home price stands at $49,940. Property taxes are then calculated by applying the local tax rate to the assessed value. The tax bills in Hartshorn show a range of variability; for example, the 25th percentile tax bill is $181, while the 75th percentile tax bill reaches $545. At the higher end, the 90th percentile tax bill is $843. These figures reflect how property taxes can significantly differ depending on the property's assessed value and applicable exemptions. Homeowners should be aware that their tax bill directly impacts their annual expenses, making it crucial to understand how these taxes are determined to manage their financial planning effectively.
Average Hartshorn Tax Bill
$335
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartshorn, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65479 | $114 | $181 | $335 | $545 | $843 |
Source: Ownwell