Labadie, Missouri Property Taxes
The median property tax rate in Labadie, MO is 1.25%, notably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $190,960 in Labadie, the typical annual property tax bill amounts to $2,648, which is just below the national median of $2,690. Property taxes in Labadie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Labadie'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 Labadie or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Labadie, 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 Labadie Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Labadie with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Labadie to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular insights, you can explore trends at a neighborhood level by scrolling down for localized information. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Labadie, Missouri
Property taxes in Labadie, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Labadie is 0.91%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Labadie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Labadie 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 Labadie's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63055 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Labadie provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Labadie Tax Rate
1.25%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Labadie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63055 | 1.21% | 1.25% | 1.25% | 1.28% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Labadie, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Labadie, 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 Franklin 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 Labadie, 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 Labadie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63055 has the highest median tax bill of $2,648, which is also the lowest median tax bill in the area. Understanding these figures can aid homeowners in making informed decisions about their property taxes.
Average Labadie Assessed Value
$190,960
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Labadie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63055 | $15,280 | $125,530 | $190,960 | $276,410 | $381,080 |
Source: Ownwell
Property Tax Bills Across Labadie, Missouri
In Labadie, located in Franklin County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is typically a percentage of the property's market value. Various factors, such as property size, location, and improvements, are considered in this assessment. Once the assessed value is established, local tax rates, also known as millage rates, are applied to determine the annual tax bill. For homeowners in Labadie, property tax bills can vary widely. The median home price in the area is $190,960. For example, tax bills in the 25th percentile are around $1,873, while those in the 75th percentile reach approximately $3,637. At the 90th percentile, tax bills can rise to about $4,856. The highest median tax bill recorded in the area is $2,648, which is significantly higher than the national median property tax rate of 0.99%. These taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting property values.
Average Labadie Tax Bill
$2,648
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Labadie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63055 | $1,390 | $1,873 | $2,648 | $3,637 | $4,856 |
Source: Ownwell