Property Tax & Income in Howard County, Missouri
Howard County has an effective property tax rate of 0.77%. On the median home value of $159,400, that's roughly $1,227 per year. Median household income is $65,938.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Howard County | Missouri (state context) |
|---|---|---|
| Effective property tax rate1 | 0.77% | 0.70% |
| Median home value1 | $159,400 | — |
| State income tax3 | top rate 4.80% | top rate 4.80% |
| State sales tax3 | 8.44% combined | 8.44% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Howard County, MO
In Howard County, Missouri, homes sell for a median of $159,400, and the annual property tax bill on that median home comes to about $1,227. That works out to an effective rate of 0.770%, which sits above Missouri's statewide median of 0.705% but below the national median of 0.794%. Among the state's 115 counties, Howard ranks 41st by property tax rate. Households here earn a median of $65,938, with per-capita income at $30,705. Buyers weighing a move to Fayette, the county seat, or to smaller towns like Armstrong and Franklin will find that the combination of a below-national tax rate and home values well under many parts of the country keeps the overall cost of owning a home here comparatively low.