Lentner, Missouri Property Taxes
The median property tax rate in Lentner, MO is 0.93%, slightly below the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $106,050 in Lentner, the typical annual property tax bill amounts to $1,019, which is lower than the national median of $2,690. Property taxes in Lentner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lentner'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 Lentner or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lentner, 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 Lentner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lentner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lentner 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 Lentner, Missouri
Property taxes in Lentner, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lentner is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Lentner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lentner 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 Lentner's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63450 zip code has the highest median property tax rate of 0.93%, while the 63450 zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Lentner provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lentner Tax Rate
0.93%
Average Monroe County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lentner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63450 | 0.83% | 0.90% | 0.93% | 0.99% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Lentner, Missouri
In Lentner, 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 Monroe 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 Lentner, 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. The median home price in Lentner is $106,050, with tax bills ranging from $781 at the 25th percentile to $2,149 at the 90th percentile. The highest and lowest median tax bills are both $1,019 in zip code 63450. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lentner Assessed Value
$106,050
Average Monroe County Assessed Value
$49,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lentner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63450 | $82,350 | $86,525 | $106,050 | $130,375 | $204,900 |
Source: Ownwell
Property Tax Bills Across Lentner, Missouri
Property tax bills in Lentner, located in Monroe County, Missouri, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $106,050, homeowners can expect varying tax bills. At the 25th percentile, the annual tax bill is approximately $781, while at the 75th percentile, it rises to about $1,250. For those in the 90th percentile, the tax bill can reach up to $2,149. These figures highlight the impact of property taxes on homeowners, with higher-value properties incurring higher tax bills. Unlike the national median property tax rate of 0.99%, Monroe County's rates can result in significant variations in tax obligations. Understanding these factors is crucial for homeowners as they plan their finances and consider the long-term costs associated with property ownership in Lentner.
Average Lentner Tax Bill
$1,019
Average Monroe County Tax Bill
$442
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lentner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63450 | $687 | $781 | $1,019 | $1,250 | $2,149 |
Source: Ownwell