Louisburg, Missouri Property Taxes
The median property tax rate in Louisburg, MO is 0.79%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $52,150 in Louisburg, the typical annual property tax bill stands at $390, significantly below the national median of $2,690. Property taxes in Louisburg are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Louisburg's property tax system and exploring available exemptions, homeowners and real estate investors can uncover opportunities for substantial annual savings. Whether you reside in the heart of Louisburg or another part of Dallas County, gaining insights into the local property tax structure can lead to meaningful financial benefits.
Last Updated June 14, 2024
Louisburg, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Louisburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Louisburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Louisburg 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 Louisburg, Missouri
Property taxes in Louisburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisburg is 0.79%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Louisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louisburg 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 Louisburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65685 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Louisburg provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Louisburg Tax Rate
0.79%
Average Dallas County Tax Rate
0.78%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65685 | 0.67% | 0.75% | 0.79% | 0.83% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Louisburg, Missouri
In Louisburg, 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 Dallas County Assessor 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 Louisburg, 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 Louisburg 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 $390, found in the 65685 zip code, while the lowest median tax bill also stands at $390 in the same zip code.
Average Louisburg Assessed Value
$52,150
Average Dallas County Assessed Value
$66,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louisburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65685 | $18,150 | $30,275 | $52,150 | $87,025 | $140,900 |
Source: Ownwell
Property Tax Bills Across Louisburg, Missouri
In Louisburg, Dallas County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $52,150, the assessed value forms the basis for the tax calculation. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Louisburg can expect tax bills that vary widely. For example, the 25th percentile tax bill is $233, while the 75th percentile tax bill reaches $663. At the 90th percentile, homeowners might see bills as high as $1,074. Compared to the national median property tax rate of 0.99%, Louisburg's tax bills reflect a range of economic factors affecting homeowners, from local services funded by these taxes to the overall desirability of the area.
Average Louisburg Tax Bill
$390
Average Dallas County Tax Bill
$511
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65685 | $142 | $233 | $390 | $663 | $1,074 |
Source: Ownwell