Longwood, Missouri Property Taxes
The median property tax rate in Longwood, Missouri is 0.90%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Longwood at $38,850, the typical annual property tax bill is $408, considerably below the national median of $2,690. Property taxes in Longwood 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 Longwood'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 Longwood or another part of Pettis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Longwood, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$350
Ownwell’s Longwood Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential owners looking to estimate their annual property taxes in Longwood. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate for Longwood to provide a clear estimate of your property tax bill. This tool offers a straightforward way to understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Remember, your property's assessed value is determined by the county for tax purposes and may include applicable exemptions.
Property Tax Rates Across Longwood, Missouri
Property taxes in Longwood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longwood is 0.90%, which is below both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Longwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longwood 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 Longwood's effective property tax rate to other counties in Missouri and the national median. For comparison, the ZIP code with the highest median property tax rate in the county has a rate of 1.20%, while the ZIP code with the lowest median tax rate has a rate of 0.70%. Understanding how these areas compare with Longwood provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longwood Tax Rate
0.90%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Longwood, Missouri
In Longwood, 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 Pettis County 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 Longwood, 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. The median home price in Longwood is $38,850, with tax bills ranging from $230 at the 25th percentile to $732 at the 90th percentile. 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 Longwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Longwood Assessed Value
$38,850
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Longwood, Missouri
In Longwood, Pettis County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $38,850, the assessed value is typically a fraction of this amount, determined by local assessment rates. Homeowners' tax bills are then calculated by applying the local property tax rate to this assessed value. Several factors influence the final tax bill, including the home's location, any applicable exemptions, and the specific tax rate set by local authorities. In Longwood, homeowners at the 25th percentile can expect a tax bill of around $230, while those at the 75th percentile face bills closer to $593. At the 90th percentile, tax bills can reach up to $732. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. As a result, understanding how property taxes are calculated is crucial for homeowners looking to manage their expenses effectively.
Average Longwood Tax Bill
$408
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Longwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell