La Belle, Missouri Property Taxes
The median property tax rate in LA BELLE, MO is 0.93%, slightly lower than the national median of 0.99% and significantly below the Missouri state median of 1.20%. With the median home value in LA BELLE at $206,600, the typical annual property tax bill comes to $1,912, which is less than the national median of $2,690. Property taxes in LA BELLE are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of LA BELLE'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 LA BELLE or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Belle, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,921
Ownwell’s LA BELLE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in LA BELLE with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in LA BELLE to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, you can find more localized information by scrolling down. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across La Belle, Missouri
Property taxes in LA BELLE, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA BELLE is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within LA BELLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA BELLE 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 BELLE's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63447 has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with LA BELLE provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Belle Tax Rate
0.93%
Average Shelby County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across La Belle, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in LA BELLE, Missouri. 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 local appraisal district 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 BELLE, 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 LA BELLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price stands at $206,600, with the median tax bill around $1,912, which is the same across all zip codes in the area, including 63447.
Average La Belle Assessed Value
$206,600
Average Shelby County Assessed Value
$56,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | $206,600 | $206,600 | $206,600 | $206,600 | $206,600 |
Source: Ownwell
Property Tax Bills Across La Belle, Missouri
In La Belle, located in Shelby County, MO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For example, with a median home price of $206,600, the property tax bill is typically $1,912. This amount aligns with the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different assessed values. Factors influencing the tax bill include the property's market value, the assessment ratio set by the county, and the local tax rate. Compared to the national median property tax rate of 0.99%, La Belle's property tax rate results in a relatively moderate tax bill for homeowners. This consistency provides predictability for budgeting and financial planning. For homeowners, understanding these factors is crucial as they directly impact annual expenses and long-term financial commitments.
Average La Belle Tax Bill
$1,912
Average Shelby County Tax Bill
$514
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | $1,912 | $1,912 | $1,912 | $1,912 | $1,912 |
Source: Ownwell