Leadwood, Missouri Property Taxes
The median property tax rate in Leadwood, MO is 1.28%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Leadwood, the typical annual property tax bill reaches $305, significantly lower than the national median of $2,690. Property taxes in Leadwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Leadwood'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 Leadwood or another part of St. Francois County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leadwood, 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 Leadwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leadwood with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Leadwood to provide an accurate estimate of your property tax bill. This valuable tool offers a clear picture of potential tax liabilities, helping you plan your finances better. For those interested in more detailed insights, you can find trends and localized information by scrolling down. Your property’s assessed value, determined by St. Francois County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Leadwood, Missouri
Property taxes in Leadwood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leadwood is 1.28%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Leadwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leadwood 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 Leadwood's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63653 zip code has the highest median property tax rate of 1.28%, while the 63601 zip code has the lowest median tax rate of 1.11%. Understanding how these areas compare with Leadwood provides valuable insights into the varying tax landscape across St. Francois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leadwood Tax Rate
1.28%
Average St. Francois County Tax Rate
1.00%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leadwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 63653 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Leadwood, Missouri
In Leadwood, 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 St. Francois 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 Leadwood, 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 Leadwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $715 in the 63601 zip code, while the lowest is $305 in the 63653 zip code.
Average Leadwood Assessed Value
$24,290
Average St. Francois County Assessed Value
$72,730
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leadwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | $64,360 | $64,360 | $64,360 | $64,360 | $64,360 |
| 63653 | $11,175 | $15,342 | $24,060 | $33,955 | $56,415 |
Source: Ownwell
Property Tax Bills Across Leadwood, Missouri
In Leadwood, located in St. Francois County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is determined by local assessors. For instance, with a median home price of $24,290, the assessed value is used to calculate the tax bill. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in Leadwood can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $197, while those in the 75th percentile pay approximately $438. For those in the 90th percentile, the tax bill can reach up to $772. This range indicates how different factors, such as property size, improvements, and local levies, impact the final amount. Compared to the national median property tax rate of 0.99%, Leadwood's property taxes are relatively modest, which can be a financial relief for homeowners in this region.
Average Leadwood Tax Bill
$305
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Leadwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | $715 | $715 | $715 | $715 | $715 |
| 63653 | $139 | $197 | $305 | $435 | $723 |
Source: Ownwell