Lawson, Missouri Property Taxes
The median property tax rate in Lawson, MO is 1.13%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $207,579 in Lawson, the typical annual property tax bill amounts to $2,365, which is just below the national median of $2,690. Property taxes in Lawson are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lawson'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 Lawson 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
Lawson, 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 Lawson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawson 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 Lawson, Missouri
Property taxes in Lawson, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawson is 1.02%, slightly higher than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Lawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawson 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 Lawson's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64062 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Lawson provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawson Tax Rate
1.13%
Average Clay County Tax Rate
1.34%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | 1.00% | 1.06% | 1.13% | 1.29% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Lawson, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lawson, Missouri. 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 Clay County Assessor's Office 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 Lawson, 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. For example, homeowners in the 64062 zip code see the highest and lowest median tax bills, both at $2,365. 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 Lawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lawson Assessed Value
$207,579
Average Clay County Assessed Value
$203,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $124,368 | $159,947 | $207,579 | $278,171 | $381,475 |
Source: Ownwell
Property Tax Bills Across Lawson, Missouri
In Lawson, located in Clay County, MO, property tax bills are calculated based on the assessed value of the property. The local assessor determines this value, which is typically a percentage of the property's market value. Several factors influence the assessed value, including the property's location, size, and condition. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. For homeowners in Lawson, property tax bills can vary significantly. The 25th percentile tax bill stands at $1,900, while the 75th percentile reaches $3,154. At the 90th percentile, homeowners might see bills as high as $4,431. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark for understanding local tax obligations. These property taxes fund essential community services such as schools, public safety, and infrastructure. Therefore, understanding how these taxes are calculated and what factors are considered is crucial for homeowners to manage their financial planning effectively.
Average Lawson Tax Bill
$2,365
Average Clay County Tax Bill
$2,651
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $1,496 | $1,900 | $2,365 | $3,154 | $4,431 |
Source: Ownwell