Freistatt, Missouri Property Taxes
The median property tax rate in Freistatt, MO is 1.05%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Freistatt at $35,759, the typical annual property tax bill is $366, which is well below the national median of $2,690. Property taxes in Freistatt are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Freistatt'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 Freistatt 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
Freistatt, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$375
Ownwell’s Freistatt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freistatt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freistatt 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 Freistatt, Missouri
Property taxes in Freistatt, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freistatt is 0.75%, which is lower than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Freistatt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freistatt 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 Freistatt's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65654 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Freistatt provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freistatt Tax Rate
1.05%
Average Lawrence County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freistatt, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65654 | 0.90% | 1.03% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Freistatt, Missouri
In Freistatt, 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 Lawrence 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 Freistatt, 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 Freistatt 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 $366, found in the 65654 zip code.
Average Freistatt Assessed Value
$35,759
Average Lawrence County Assessed Value
$87,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freistatt, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65654 | $25,158 | $29,684 | $35,759 | $52,622 | $64,158 |
Source: Ownwell
Property Tax Bills Across Freistatt, Missouri
In Freistatt, located in Lawrence County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by county assessors. For homeowners in Freistatt, the median home price is $35,759. Property tax rates in this region vary, but the median tax bill is $366, aligning with the highest and lowest median tax bills in the area, both at $366. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the 25th percentile tax bill stands at $295, while the 75th percentile reaches $541, and the 90th percentile goes up to $579. These variations show how different property values and local levies impact homeowners' tax obligations. Compared to the national median property tax rate of 0.99%, Freistatt's property taxes provide a relatively affordable option for homeowners, making it an attractive location for those seeking lower property tax rates.
Average Freistatt Tax Bill
$366
Average Lawrence County Tax Bill
$784
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Freistatt, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65654 | $257 | $295 | $366 | $541 | $579 |
Source: Ownwell