Huggins, Texas County, Missouri Property Taxes
The median property tax rate in Huggins, MO is 0.63%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Huggins, the typical annual property tax bill reaches $441, which is well below the national median of $2,690. Property taxes in Huggins 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 Huggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Huggins 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
Huggins, Texas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$427
$396
Ownwell’s Huggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huggins 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 Huggins, Texas County, Missouri
Property taxes in Huggins, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huggins is 0.63%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Huggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huggins 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 Huggins' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65484 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Huggins 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 Huggins Tax Rate
0.63%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huggins, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65484 | 0.57% | 0.60% | 0.63% | 0.65% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Huggins, Texas County, Missouri
In Huggins, 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 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 Huggins, 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 Huggins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Huggins is $67,815, with the 25th percentile tax bill at $260 and the 75th percentile tax bill at $698. The highest and lowest median tax bills are both $441 in the 65484 zip code.
Property Tax Assessment Values Across Huggins, Texas County, Missouri
Source: Ownwell
$47,880
$79,465
$111,050
Average Huggins Assessed Value
$67,815
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 Huggins, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65484 | $28,428 | $40,352 | $67,815 | $110,810 | $163,208 |
Source: Ownwell
Property Tax Bills Across Huggins, Texas County, Missouri
In Huggins, Texas County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and generally reflects a percentage of the property's market value. For instance, with a median home price of $67,815, the property tax rate is applied to this assessed value to compute the annual tax bill. Several factors influence the final tax amount, including local tax rates and any applicable exemptions or deductions. Homeowners in Huggins face varying tax bills, with the 25th percentile paying around $260, while those in the 75th percentile see bills closer to $698. At the higher end, the 90th percentile tax bill reaches approximately $1,018. These property taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in budgeting and financial planning, ensuring they are prepared for their annual obligations.
Average Huggins Tax Bill
$441
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Huggins, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65484 | $173 | $260 | $441 | $698 | $1,018 |
Source: Ownwell