Leesville, Missouri Property Taxes
The median property tax rate in Leesville, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $16,500 in Leesville, the typical annual property tax bill is $149, significantly below the national median of $2,690. Property taxes in Leesville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Leesville'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 Leesville or another part of Morgan County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Leesville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$149
Ownwell’s Leesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leesville 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 Leesville, Missouri
Property taxes in Leesville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesville is 0.90%, slightly lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Leesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leesville 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 Leesville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64093 zip code has the highest median property tax rate of 1.10%, while the 64098 zip code has the lowest median tax rate of 0.70%. Understanding how these cities compare with Leesville provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leesville Tax Rate
0.90%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leesville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Leesville, Missouri
In Leesville, 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 Morgan 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 Leesville, 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 Leesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Morgan County, the zip codes with the highest and lowest tax bills both report an annual tax bill of $149, reflecting the uniformity in property tax assessments within the region.
Average Leesville Assessed Value
$16,500
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 Leesville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Leesville, Missouri
In Leesville, Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county assesses properties to determine this value, and then applies the local tax rate to calculate the tax bill. For instance, with a median home price of $16,500, the property tax rate is applied to the assessed value to determine the annual tax bill. Factors considered in determining the tax bill include the market value of the property, any applicable exemptions, and the local tax rate. The tax bill can vary significantly depending on the assessed value and the specific rate applied. In Leesville, the 25th, 75th, and 90th percentile tax bills are all $149, which reflects a relatively uniform tax burden across different property values. For homeowners, property taxes represent a crucial part of homeownership costs, impacting overall affordability. Compared to the national median property tax rate of 0.99%, Leesville's tax rates may offer some relief, making it an attractive location for potential homeowners.
Average Leesville Tax Bill
$149
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Leesville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell