Laquey, Missouri Property Taxes
The median property tax rate in Laquey, MO is 0.66%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $92,600 in Laquey, the typical annual property tax bill amounts to $612, well below the national median of $2,690. Property taxes in Laquey are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Laquey'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 Laquey or another part of Laclede County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laquey, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$611
Ownwell’s Laquey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laquey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laquey 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 Laquey, Missouri
Property taxes in Laquey, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laquey is 0.66%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Laquey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laquey 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 Laquey's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65534 zip code has the highest median property tax rate of 0.66%, while the 65534 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Laquey provides valuable insights into the varying tax landscape across Laclede County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laquey Tax Rate
0.66%
Average Laclede County Tax Rate
1.10%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laquey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65534 | 0.58% | 0.62% | 0.66% | 0.68% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Laquey, Missouri
In Laquey, 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 Laclede 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 Laquey, 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 Laquey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $612, are found in the 65534 zip code, highlighting the uniformity in property tax assessments within the area.
Average Laquey Assessed Value
$92,600
Average Laclede County Assessed Value
$72,400
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laquey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65534 | $35,380 | $67,125 | $92,600 | $112,800 | $140,000 |
Source: Ownwell
Property Tax Bills Across Laquey, Missouri
In Laquey, Laclede County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area typically see tax bills that vary significantly depending on their property's assessed value and the local tax rate. For instance, the median home price in Laquey is $92,600. Property tax bills in the 25th percentile are around $422, while those in the 75th percentile reach $723, and the 90th percentile sees bills as high as $884. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners must be mindful of these variables as they directly impact their annual financial obligations. Compared to the national median property tax rate of 0.99%, the tax rates in Laquey can be seen as relatively manageable, yet they still represent a significant expense for property owners. Understanding these factors helps homeowners better prepare for their yearly tax responsibilities.
Average Laquey Tax Bill
$612
Average Laclede County Tax Bill
$742
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Laquey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65534 | $221 | $422 | $612 | $723 | $884 |
Source: Ownwell