Laddonia, Missouri Property Taxes
The median property tax rate in Laddonia, MO is 1.25%, higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Laddonia being $46,624, the typical annual property tax bill reaches $622, which is below the national median of $2,690. Property taxes in Laddonia are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Laddonia'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 Laddonia 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
Laddonia, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$583
Ownwell’s Laddonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laddonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laddonia 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 Laddonia, Missouri
Property taxes in Laddonia, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laddonia is 1.25%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Laddonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laddonia 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 Laddonia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63352 zip code has the highest median property tax rate of 1.25%, while the 63352 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Laddonia provides valuable insights into the varying tax landscape across Audrain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laddonia Tax Rate
1.25%
Average Audrain County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laddonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63352 | 0.80% | 0.82% | 1.25% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Laddonia, Missouri
In Laddonia, 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 Audrain 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 Laddonia, 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 Laddonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 63352, both at $622.
Average Laddonia Assessed Value
$46,624
Average Audrain County Assessed Value
$51,626
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laddonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63352 | $16,686 | $24,771 | $46,624 | $93,668 | $186,050 |
Source: Ownwell
Property Tax Bills Across Laddonia, Missouri
In Laddonia, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in Laddonia, Audrain County, can expect their property tax bills to be influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Laddonia is $46,624, and the property tax rate in Audrain County is 1.33%, which is higher than the national median property tax rate of 0.99%. This means that a homeowner with a property valued at the median home price might see a tax bill around $622 annually. However, tax bills can vary significantly, with the 25th percentile at $321 and the 75th percentile reaching $1,069. For those at the 90th percentile, tax bills can be as high as $1,779. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Laddonia Tax Bill
$622
Average Audrain County Tax Bill
$587
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Laddonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63352 | $186 | $321 | $622 | $1,069 | $1,779 |
Source: Ownwell