Lewis County Property Taxes
The median property tax rate in Lewis County is 1.06%, which is higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $40,000 in Lewis County, the typical annual property tax bill is $410, significantly below the national median of $2,690. Property taxes in Lewis County are calculated based on the assessed value, which often falls below the market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Lewis County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Canton or another part of Lewis County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewis County 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 Lewis County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lewis County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lewis County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lewis County, Missouri
Property taxes in Lewis County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lewis County is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Lewis County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lewis County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lewis County's effective property tax rate with other counties and the national median. For comparison, the city of Hannibal has one of the higher property tax rates in the region at 1.16%, while the city of Knox City boasts one of the lowest at 0.84%. Analyzing how Lewis County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lewis County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewis County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethel | 0.79% | 0.84% | 0.92% | 1.01% | 1.06% |
| Canton | 0.79% | 0.95% | 1.00% | 1.02% | 1.09% |
| Durham | 1.15% | 1.16% | 1.16% | 1.22% | 1.23% |
| Ewing | 0.85% | 1.02% | 1.16% | 1.16% | 1.23% |
| Foristell | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Hannibal | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| Knox City | 0.78% | 0.81% | 0.84% | 1.14% | 1.16% |
| La Belle | 0.85% | 0.94% | 1.13% | 1.16% | 1.16% |
| La Grange | 0.78% | 1.00% | 1.05% | 1.06% | 1.06% |
| Lewistown | 0.90% | 1.04% | 1.15% | 1.16% | 1.17% |
| Marthasville | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
| Maywood | 0.92% | 1.06% | 1.15% | 1.16% | 1.16% |
| Monticello | 0.78% | 0.87% | 1.09% | 1.16% | 1.24% |
| Taylor | 0.83% | 0.96% | 1.08% | 1.08% | 1.13% |
| Williamstown | 0.74% | 0.82% | 0.92% | 1.01% | 1.05% |
| Wyaconda | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Lewis County, Missouri
In Lewis County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lewis County Appraisal District. The assessed value, however, 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. Assessment notices in Lewis County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Bethel has the highest median tax bill at $1,514, while Hannibal has the lowest at $141. Being aware of these valuation processes in Lewis County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lewis County Assessed Value
$40,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewis County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethel | $137,707 | $150,392 | $171,535 | $192,678 | $205,363 |
| Canton | $12,265 | $22,850 | $38,805 | $64,305 | $103,803 |
| Durham | $16,736 | $23,185 | $39,840 | $54,240 | $77,880 |
| Ewing | $16,772 | $25,060 | $42,035 | $68,442 | $87,603 |
| Foristell | $9,510 | $9,510 | $9,510 | $9,510 | $9,510 |
| Hannibal | $12,170 | $12,170 | $12,170 | $12,170 | $12,170 |
| Knox City | $8,805 | $20,331 | $60,040 | $72,134 | $87,693 |
| La Belle | $11,150 | $24,100 | $41,050 | $68,390 | $100,544 |
| La Grange | $13,680 | $20,030 | $39,870 | $61,890 | $79,030 |
| Lewistown | $11,286 | $18,245 | $33,140 | $56,670 | $89,486 |
| Marthasville | $114,910 | $114,910 | $114,910 | $114,910 | $114,910 |
| Maywood | $18,553 | $24,560 | $35,810 | $55,158 | $78,405 |
| Monticello | $17,945 | $29,220 | $51,345 | $101,082 | $117,382 |
| Taylor | $32,512 | $39,370 | $51,760 | $65,640 | $140,286 |
| Williamstown | $20,448 | $26,948 | $54,740 | $76,025 | $126,142 |
| Wyaconda | $41,920 | $41,920 | $41,920 | $41,920 | $41,920 |
Source: Ownwell
Property Tax Bills Across Lewis County, Missouri
In Lewis County, MO, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. For homeowners in this area, the median home price stands at $40,000. The assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence the tax bill, including the property's location and any applicable exemptions. For instance, the tax bill at the 25th percentile is $235, while at the 75th percentile, it rises to $672. At the 90th percentile, it reaches $1,014. These variations reflect differences in property values and any exemptions homeowners may qualify for. Comparatively, the highest median tax bill in the region is $1,514 in Bethel, whereas Hannibal has the lowest at $141. Understanding how these factors come together helps homeowners plan for their annual property tax expenses and highlights the importance of accurate property assessments.
Average Lewis County Tax Bill
$410
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewis County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethel | $1,435 | $1,465 | $1,514 | $1,562 | $1,592 |
| Canton | $114 | $236 | $388 | $597 | $972 |
| Durham | $193 | $302 | $461 | $670 | $950 |
| Ewing | $173 | $267 | $491 | $777 | $1,011 |
| Foristell | $93 | $93 | $93 | $93 | $93 |
| Hannibal | $141 | $141 | $141 | $141 | $141 |
| Knox City | $102 | $231 | $479 | $573 | $735 |
| La Belle | $132 | $255 | $435 | $677 | $1,136 |
| La Grange | $129 | $209 | $404 | $630 | $784 |
| Lewistown | $124 | $192 | $328 | $615 | $982 |
| Marthasville | $996 | $996 | $996 | $996 | $996 |
| Maywood | $201 | $262 | $401 | $583 | $887 |
| Monticello | $205 | $338 | $519 | $1,006 | $1,238 |
| Taylor | $364 | $424 | $499 | $707 | $1,131 |
| Williamstown | $193 | $242 | $525 | $747 | $1,057 |
| Wyaconda | $398 | $398 | $398 | $398 | $398 |
Source: Ownwell