Leadington, Missouri Property Taxes
The median property tax rate in Leadington, MO is 1.05%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Leadington at $78,505, the typical annual property tax bill amounts to $821, which is below the national median of $2,690. Property taxes in Leadington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including the primary residence and agricultural exemptions. Understanding Leadington'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 Leadington 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
Leadington, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$824
Ownwell’s Leadington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leadington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leadington 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 Leadington, Missouri
Property taxes in Leadington, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leadington is 1.05%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Leadington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leadington 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 Leadington's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63601 zip code has the highest median property tax rate of 1.05%, while the 63601 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Leadington provides valuable insights into the varying tax landscape across St. Francois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leadington Tax Rate
1.05%
Average St. Francois County Tax Rate
1.00%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leadington, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | 1.05% | 1.05% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Leadington, Missouri
In Leadington, 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 St. Francois 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 Leadington, 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 Leadington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Leadington is $78,505, with tax bills ranging from $763 at the 25th percentile to $913 at the 90th percentile. The highest and lowest median tax bills, both at $821, are found in the 63601 zip code.
Average Leadington Assessed Value
$78,505
Average St. Francois County Assessed Value
$72,730
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leadington, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | $69,733 | $73,022 | $78,505 | $83,988 | $87,277 |
Source: Ownwell
Property Tax Bills Across Leadington, Missouri
In Leadington, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Leadington is $78,505. Property taxes are determined by multiplying the assessed value by the local tax rate, which in Leadington, falls within a range where the 25th percentile tax bill is $763, and the 75th percentile tax bill is $878. The highest median tax bill in the area is $821, found in the 63601 zip code. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For homeowners, this means that their annual tax bill can vary significantly based on these factors. Compared to the national median property tax rate of 0.99%, Leadington's tax rates are relatively moderate, making it a potentially more affordable area for property owners. Understanding these elements can help homeowners better anticipate their annual property tax obligations and budget accordingly.
Average Leadington Tax Bill
$821
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Leadington, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | $729 | $763 | $821 | $878 | $913 |
Source: Ownwell