La Monte, Missouri Property Taxes
The median property tax rate in LA MONTE, MO is 1.10%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $80,560 in LA MONTE, the typical annual property tax bill amounts to $865, which is significantly below the national median of $2,690. Property taxes in LA MONTE are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding LA MONTE'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 MONTE 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 Monte, 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 MONTE Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LA MONTE using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA MONTE to provide an estimate of your property tax bill. This user-friendly tool offers valuable insights into potential tax liabilities, aiding in better financial planning. For those interested in more detailed trends at the neighborhood level, further localized information is available. Your property’s assessed value is determined by Pettis County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across La Monte, Missouri
Property taxes in La Monte, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Monte is 1.10%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within La Monte set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Monte 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 Monte's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65337 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with La Monte provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Monte Tax Rate
1.10%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Monte, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65337 | 0.78% | 0.92% | 1.10% | 1.14% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across La Monte, Missouri
In La Monte, 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 Pettis 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 La Monte, 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. The median home price in La Monte is $80,560, with tax bills varying significantly. For instance, the 25th percentile tax bill is $586, while the 75th percentile tax bill is $1,309, and the 90th percentile reaches up to $2,130. The highest and lowest median tax bills are both $865, found in zip code 65337. 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 Monte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Monte Assessed Value
$80,560
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Monte, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65337 | $31,636 | $54,025 | $80,560 | $135,838 | $228,199 |
Source: Ownwell
Property Tax Bills Across La Monte, Missouri
In La Monte, located in Pettis County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Homeowners in La Monte can expect their tax bills to vary significantly, influenced by factors such as property size, location, and improvements made to the property. The median home price in La Monte is $80,560, and property tax bills can range widely. For instance, the 25th percentile tax bill is $586, while those in the 75th percentile can expect to pay around $1309. At the 90th percentile, tax bills can reach up to $2130. Comparatively, the city's highest and lowest median tax bills are both $865, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, but it's essential for homeowners to budget for these costs as they can still represent a significant annual expense.
Average La Monte Tax Bill
$865
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Monte, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65337 | $337 | $586 | $865 | $1,309 | $2,130 |
Source: Ownwell