La Grange, Missouri Property Taxes
The median property tax rate in LA GRANGE, MO is 1.05%, which is slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $39,870, the typical annual property tax bill in LA GRANGE is $404, significantly less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding LA GRANGE's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of LA GRANGE or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Grange, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$419
Ownwell’s LA GRANGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA GRANGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA GRANGE 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 La Grange, Missouri
Property taxes in LA GRANGE, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA GRANGE is 1.05%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within LA GRANGE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA GRANGE 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 LA GRANGE's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63448 zip code has the highest median property tax rate of 1.05%, while the 63448 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with LA GRANGE provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Grange Tax Rate
1.05%
Average Lewis County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Grange, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63448 | 0.78% | 1.00% | 1.05% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across La Grange, Missouri
In LA GRANGE, 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 Lewis 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 LA GRANGE, 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 LA GRANGE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $404.00, found in the 63448 zip code.
Average La Grange Assessed Value
$39,870
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 La Grange, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63448 | $13,680 | $20,030 | $39,870 | $61,890 | $79,030 |
Source: Ownwell
Property Tax Bills Across La Grange, Missouri
In La Grange, located in Lewis County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in La Grange see property tax bills influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The median home price in La Grange is $39,870, and the property tax rate is determined by local taxing authorities. For homeowners, this means that the amount they owe in property taxes can vary significantly. For example, the 25th percentile tax bill is $209, while the 75th percentile tax bill is $630, and the 90th percentile tax bill can reach up to $784. These variations can impact household budgets and financial planning. Notably, the highest median tax bill in the area is $404, found in the 63448 zip code. Compared to the national median property tax rate of 0.99%, La Grange's property tax bills can be relatively modest, offering some financial relief to its residents.
Average La Grange Tax Bill
$404
Average Lewis County Tax Bill
$410
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Grange, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63448 | $129 | $209 | $404 | $630 | $784 |
Source: Ownwell