La Plata, Missouri Property Taxes
The median property tax rate in LA PLATA, MO is 0.93%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $91,060 in LA PLATA, the typical annual property tax bill amounts to $839, which is considerably less than the national median of $2,690. Property taxes in LA PLATA are based on the tax assessed value, generally lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding LA PLATA'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 LA PLATA 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
La Plata, 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 LA PLATA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PLATA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PLATA 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 La Plata, Missouri
Property taxes in LA PLATA, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA PLATA is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within LA PLATA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA PLATA 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 LA PLATA's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63549 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with LA PLATA provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Plata Tax Rate
0.93%
Average Knox County Tax Rate
0.72%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Plata, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63549 | 0.83% | 0.86% | 0.93% | 0.99% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across La Plata, Missouri
In LA PLATA, 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 local appraisal district 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 LA PLATA, 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 LA PLATA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $839, found in the 63549 zip code.
Average La Plata Assessed Value
$91,060
Average Knox County Assessed Value
$29,820
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Plata, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63549 | $87,452 | $88,805 | $91,060 | $93,315 | $94,668 |
Source: Ownwell
Property Tax Bills Across La Plata, Missouri
In LA PLATA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value, and the tax rate is then applied to this assessed value. For example, with a median home price of $91,060, homeowners can expect different tax bills depending on their property's specific assessed value and applicable tax rates. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rates set by local taxing authorities. In LA PLATA, the 25th percentile tax bill is around $803, while the 75th percentile tax bill is approximately $875. The highest median tax bill recorded in the area is $839 in the zip code 63549. These tax bills can significantly impact homeowners, as they represent a recurring expense that must be budgeted for annually. Understanding how these taxes are calculated can help homeowners plan their finances more effectively and seek potential exemptions or appeals if they believe their assessed value is incorrect.
Average La Plata Tax Bill
$839
Average Knox County Tax Bill
$245
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Plata, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63549 | $781 | $803 | $839 | $875 | $896 |
Source: Ownwell