Lake Saint Louis, Missouri Property Taxes
The median property tax rate in Lake Saint Louis, MO is 2.43%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $4,400 in Lake Saint Louis, the typical annual property tax bill amounts to $107, surpassing the national median of $2,690. Property taxes in Lake Saint Louis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Saint Louis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lake Saint Louis or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake Saint Louis, 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 LAKE SAINT LOUIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAKE SAINT LOUIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAKE SAINT LOUIS 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 Lake Saint Louis, Missouri
Property taxes in Lake Saint Louis, Missouri, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Saint Louis is 1.12%, higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Lake Saint Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Saint Louis 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 Lake Saint Louis's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63367 zip code has the highest median property tax rate of 1.12%, while the same 63367 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Lake Saint Louis provides valuable insights into the varying tax landscape across St. Charles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Saint Louis Tax Rate
2.43%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | 1.26% | 1.70% | 2.43% | 2.81% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Lake Saint Louis, Missouri
In Lake Saint Louis, 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 local appraisal district 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 Lake Saint Louis, 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. The highest median tax bill in Lake Saint Louis is $107, found in the 63367 zip code, while the lowest median tax bill is also $107 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lake Saint Louis, Missouri
Source: Ownwell
$1,100
$177,225
$353,350
Average Lake Saint Louis Assessed Value
$4,400
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | $1,760 | $2,750 | $4,400 | $110,600 | $174,320 |
Source: Ownwell
Property Tax Bills Across Lake Saint Louis, Missouri
In Lake Saint Louis, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. For homeowners, several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. In Lake Saint Louis, the median home price is $4,400, leading to a range of property tax bills. At the 25th percentile, homeowners might expect to pay around $71, while those at the 75th percentile could see bills close to $1,102. The 90th percentile tax bill can go up to $1,698. The highest and lowest median tax bills in the area are both $107, specifically in the 63367 zip code. Compared to the national median property tax rate of 0.99%, these figures demonstrate the variability within the local property tax landscape, impacting homeowners differently based on their property's assessed value and location.
Average Lake Saint Louis Tax Bill
$107
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | $49 | $71 | $107 | $1,102 | $1,698 |
Source: Ownwell