Lemon Grove, Missouri Property Taxes
The median property tax rate in Lemon Grove, MO is 0.99%, aligning with the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Lemon Grove, the typical annual property tax bill is $34, significantly lower than the national median of $2,690. Property taxes in Lemon Grove 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 Lemon Grove'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 Lemon Grove 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
Lemon Grove, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$34
Ownwell’s Lemon Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lemon Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lemon Grove 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 Lemon Grove, Missouri
Property taxes in Lemon Grove, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lemon Grove is 0.99%, which aligns with both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lemon Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lemon Grove 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 Lemon Grove's effective property tax rate to other counties in Missouri and the national median. For comparison, the 91945 zip code has the highest median property tax rate of 0.99%, while the 91945 zip code also has the lowest median tax rate of 0.99%. Understanding how these cities compare with Lemon Grove 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 Lemon Grove Tax Rate
0.99%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lemon Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91945 | 0.98% | 0.98% | 0.99% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Lemon Grove, Missouri
In Lemon Grove, 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 Lemon Grove, 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 Lemon Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Morgan County, the highest tax bills are found in certain zip codes, reaching up to $56, while the lowest are around $20.
Average Lemon Grove Assessed Value
$3,400
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 Lemon Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91945 | $1,240 | $2,050 | $3,400 | $4,750 | $5,560 |
Source: Ownwell
Property Tax Bills Across Lemon Grove, Missouri
In Lemon Grove, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. Homeowners in Lemon Grove can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $20, while the 75th percentile tax bill reaches approximately $48. At the higher end, the 90th percentile tax bill is about $56. These figures can significantly affect homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual property tax payments.
Average Lemon Grove Tax Bill
$34
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lemon Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91945 | $12 | $20 | $34 | $48 | $56 |
Source: Ownwell