Urbana, Hickory County, Missouri Property Taxes

Name: Property Tax Bills Across Urbana, Hickory County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Urbana, MO effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Urbana, MO home value: $27,580
Median annual Urbana, MO tax bill: $210, $2,190 lower than the national median property tax bill of $2,400.

How are property taxes in Hickory County calculated?

Property taxes in Urbana, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Urbana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Urbana, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Urbana, Hickory County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$215

$200

Ownwell’s Urbana Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Urbana with just two data points. By entering your property's estimated assessed value, our calculator applies Urbana’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hickory County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Urbana, Hickory County, Missouri

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Urbana, located in Hickory County, Missouri, the effective property tax rate is lower than the national median of 1.02%. This can be appealing for homeowners looking to reduce their annual tax burden. While the median property tax rate in Missouri is also below the national average, Urbana stands out with its particularly favorable rate. Such a low rate can be a significant factor for potential homebuyers and current residents evaluating their long-term financial commitments. Comparing Urbana's rate to other cities in Missouri, residents can appreciate the relative affordability of living in this area. This comparison highlights the importance of understanding local tax rates and how they can impact overall homeownership costs.

Property Tax Rates Across Urbana, Hickory County, Missouri

Source: Ownwell

0.68%

0.73%

0.78%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Urbana Tax Rate

0.78%

Median Effective Hickory County Tax Rate

0.74%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Urbana, Hickory County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65767	0.57%	0.72%	0.78%	0.81%	0.83%

Source: Ownwell

Property Tax Assessment Values Across Urbana, Hickory County, Missouri

When examining property taxes in Urbana, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hickory County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hickory County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Urbana.

For example, the median home price in Urbana is $27,580, with tax bills ranging significantly across the county. Zip code 65767 has the highest median home price at $27,580.

Property Tax Assessment Values Across Urbana, Hickory County, Missouri

Source: Ownwell

$22,200

$44,088

$65,975

Median Urbana Market Value

$27,580

Median Hickory County Market Value

$25,410

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Urbana, Hickory County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65767	$13,474	$18,700	$27,580	$43,700	$64,022

Source: Ownwell

Property Tax Bills Across Urbana, Hickory County, Missouri

In Urbana, located in Hickory County, Missouri, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which reflects the property's worth on the open market. Various factors such as property size, location, and improvements can influence this market value. Homeowners in Urbana face a median property tax bill of approximately $210, which is significantly lower than the national median of $2,400. However, even with relatively low tax bills, homeowners may still find opportunities for savings. Ownwell can assist by reviewing property assessments to ensure they are fair and accurate, potentially identifying discrepancies that could lead to reductions in tax bills. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell helps homeowners navigate the complexities of property tax appeals, ensuring they pay only their fair share. This service can be crucial in maintaining affordability and financial stability for Urbana residents.

Property Tax Bills Across Urbana, Hickory County, Missouri

Source: Ownwell

$158

$335

$511

Median Urbana Tax Bill

$210

Median Hickory County Tax Bill

$177

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Urbana, Hickory County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65767	$90	$130	$210	$329	$466

Source: Ownwell