Fort Leonard Wood, Missouri Property Taxes
The median property tax rate in Fort Leonard Wood, MO is 0.74%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Fort Leonard Wood being $117,235, the typical annual property tax bill reaches $936, falling well below the national median of $2,690. Property taxes in Fort Leonard Wood are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Leonard Wood'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 Fort Leonard Wood 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
Fort Leonard Wood, 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 FORT LEONARD WOOD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT LEONARD WOOD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT LEONARD WOOD 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 Fort Leonard Wood, Missouri
Property taxes in Fort Leonard Wood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Leonard Wood is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Leonard Wood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Leonard Wood 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 Fort Leonard Wood's effective property tax rate to other areas and the national median. For comparison, the zip code 65473 has the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Fort Leonard Wood provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Leonard Wood Tax Rate
0.74%
Average Pulaski County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Leonard Wood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65473 | 0.70% | 0.74% | 0.74% | 0.78% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Fort Leonard Wood, Missouri
In Fort Leonard Wood, 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 Pulaski 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 Fort Leonard Wood, 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 Fort Leonard Wood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65473, where the median tax bill is $936.
Property Tax Assessment Values Across Fort Leonard Wood, Missouri
Source: Ownwell
$20,455
$89,993
$159,530
Average Fort Leonard Wood Assessed Value
$117,235
Average Pulaski County Assessed Value
$115,944
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Leonard Wood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65473 | $28,465 | $80,165 | $117,235 | $159,855 | $214,360 |
Source: Ownwell
Property Tax Bills Across Fort Leonard Wood, Missouri
In Fort Leonard Wood, located in Pulaski County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $117,235. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $610 and the 75th percentile reaching $1,317. The highest median tax bill in the region is recorded at $936 in the 65473 zip code. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding how these elements interact is crucial for financial planning and property investment decisions. Compared to the national median property tax rate of 0.99%, Fort Leonard Wood offers a relatively affordable property tax environment, making it an attractive location for potential homeowners.
Average Fort Leonard Wood Tax Bill
$936
Average Pulaski County Tax Bill
$872
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Leonard Wood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65473 | $236 | $610 | $936 | $1,317 | $1,587 |
Source: Ownwell