Leasburg, Missouri Property Taxes
The median property tax rate in Leasburg, MO is 0.95%, slightly below both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Leasburg at $73,300, the typical annual property tax bill is $668, which is significantly lower than the national median of $2,690. Property taxes in Leasburg are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Leasburg'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 Leasburg or another part of Crawford County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leasburg, 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 Leasburg Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leasburg using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Leasburg to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Crawford County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Leasburg, Missouri
Property taxes in Leasburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leasburg is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Leasburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leasburg 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 Leasburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65535 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Leasburg provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leasburg Tax Rate
0.95%
Average Crawford County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leasburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65535 | 0.75% | 0.81% | 0.95% | 0.96% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Leasburg, Missouri
In Leasburg, 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 Crawford 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 Leasburg, 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 instance, the median home price in Leasburg is $73,300, with tax bills ranging from $360 at the 25th percentile to $1,466 at the 90th percentile. 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 Leasburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Leasburg Assessed Value
$73,300
Average Crawford County Assessed Value
$81,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leasburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65535 | $19,900 | $39,100 | $73,300 | $113,450 | $159,180 |
Source: Ownwell
Property Tax Bills Across Leasburg, Missouri
In Leasburg, 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 Leasburg is $73,300. Homeowners' tax bills are then determined by applying the local property tax rate to this assessed value. For example, if a home is assessed at a fraction of its market value, the local tax rate is applied to this assessed value to calculate the annual tax bill. Factors considered in determining the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. In Leasburg, the 25th percentile tax bill is $360, while the 75th percentile reaches $1,007, and the 90th percentile can go up to $1,466. The highest and lowest median tax bills in the area both stand at $668, indicating a level of consistency in property tax rates within the region. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services.
Average Leasburg Tax Bill
$668
Average Crawford County Tax Bill
$745
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Leasburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65535 | $170 | $360 | $668 | $1,007 | $1,466 |
Source: Ownwell