Lebanon, Missouri Property Taxes
The median property tax rate in Lebanon, MO is 0.68%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Lebanon at $20,455, the typical annual property tax bill amounts to $140, far below the national median of $2,690. Property taxes in Lebanon are calculated based on the assessed value, which is usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lebanon'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 Lebanon or another part of Pulaski County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lebanon, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$139
Ownwell’s Lebanon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lebanon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lebanon 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 Lebanon, Missouri
Property taxes in Lebanon, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebanon is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Lebanon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebanon 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 Lebanon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65536 ZIP code has the highest median property tax rate of 0.68%, while the same ZIP code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Lebanon 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 Lebanon Tax Rate
0.68%
Average Pulaski County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lebanon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65536 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Lebanon, Missouri
In Lebanon, 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 Lebanon, 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 Lebanon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lebanon, the zip code 65536 has both the highest and lowest median tax bills, each valued at $140.
Average Lebanon Assessed Value
$20,455
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 Lebanon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65536 | $20,455 | $20,455 | $20,455 | $20,455 | $20,455 |
Source: Ownwell
Property Tax Bills Across Lebanon, Missouri
In Lebanon, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local property tax rate set by the county of Pulaski. For homeowners in Lebanon, the median home price stands at $20,455, and the tax rate is applied to this value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, thereby impacting the tax bill. In Lebanon, the 25th, 75th, and 90th percentiles of tax bills are all at $140, which suggests a uniformity in tax assessments within the region. This amount is significantly lower than the national median property tax rate of 0.99%, making Lebanon an affordable place for homeowners regarding property taxes. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations and better manage their financial planning.
Average Lebanon Tax Bill
$140
Average Pulaski County Tax Bill
$872
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lebanon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65536 | $140 | $140 | $140 | $140 | $140 |
Source: Ownwell