Laquey, Missouri Property Taxes
The median property tax rate in Laquey, MO is 0.70%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Laquey at $95,338, the typical annual property tax bill is $677, which is well below the national median of $2,690. Property taxes in Laquey are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Laquey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Laquey or another part of Pulaski County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laquey, 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 Laquey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laquey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laquey 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 Laquey, Missouri
Property taxes in Laquey, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laquey is 0.70%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Laquey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laquey 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 Laquey's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65534 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Laquey provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laquey Tax Rate
0.70%
Average Pulaski County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laquey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65534 | 0.69% | 0.70% | 0.70% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Laquey, Missouri
In Laquey, 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 Pulaski 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 Laquey, 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 Laquey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65534 has the highest and lowest median tax bill at $677.
Average Laquey Assessed Value
$95,338
Average Pulaski County Assessed Value
$115,944
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laquey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65534 | $25,566 | $48,586 | $95,338 | $139,128 | $184,252 |
Source: Ownwell
Property Tax Bills Across Laquey, Missouri
In Laquey, Pulaski County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Laquey is $95,338. Local tax authorities determine the tax rate, which is applied to the assessed value to calculate the annual tax bill. Homeowners in Laquey experience a range of tax bills, with the 25th percentile at $340 and the 75th percentile at $977, while the 90th percentile reaches up to $1,305. The highest and lowest median tax bills are both reported at $677 in the 65534 zip code, indicating a consistent tax rate across different property values. These property taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Laquey's property tax obligations offer a relatively predictable and manageable financial commitment for its residents.
Average Laquey Tax Bill
$677
Average Pulaski County Tax Bill
$872
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Laquey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65534 | $180 | $340 | $677 | $977 | $1,305 |
Source: Ownwell