Louisiana, Missouri Property Taxes
The median property tax rate in Louisiana, MO is 1.06%, which is slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Louisiana at $39,935, the typical annual property tax bill is $421, significantly below the national median of $2,690. Property taxes in Louisiana 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 Louisiana'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 Louisiana or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louisiana, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$423
Ownwell’s Louisiana Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Louisiana with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Louisiana to provide an estimate of 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 Louisiana, Missouri
Property taxes in Louisiana, MO, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisiana is 1.06%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Louisiana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louisiana 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 Louisiana's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63353 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Louisiana provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Louisiana Tax Rate
1.06%
Average Pike County Tax Rate
1.04%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisiana, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63353 | 0.98% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Louisiana, Missouri
In LOUISIANA, 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 Pike 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 LOUISIANA, 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 median home price in the area is $39,935, with tax bills ranging from $250 at the 25th percentile to $1,559 at the 90th percentile. The zip code 63353 has both the highest and lowest median tax bills at $421. Being aware of these valuation processes in LOUISIANA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Louisiana Assessed Value
$39,935
Average Pike County Assessed Value
$71,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louisiana, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63353 | $16,043 | $23,665 | $39,935 | $79,750 | $156,561 |
Source: Ownwell
Property Tax Bills Across Louisiana, Missouri
In Louisiana, Pike County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience a range of property tax bills, influenced by various factors such as property size, location, and improvements. The median home price in Louisiana is $39,935, with property tax bills ranging from $250 at the 25th percentile to $1,559 at the 90th percentile. The highest and lowest median tax bills both stand at $421, indicating some consistency within the area. Compared to the national median property tax rate of 0.99%, homeowners in Louisiana might find their tax bills relatively manageable, but the impact on individual homeowners can vary significantly. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the community's quality of life. Understanding how these taxes are calculated can help homeowners anticipate their financial obligations and plan accordingly.
Average Louisiana Tax Bill
$421
Average Pike County Tax Bill
$720
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisiana, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63353 | $158 | $250 | $421 | $799 | $1,559 |
Source: Ownwell