Lawson, Missouri Property Taxes
The median property tax rate in Lawson, MO is 1.19%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With the median home value in Lawson at $169,985, the typical annual property tax bill reaches $2,071, which is lower than the national median of $2,690. Property taxes in Lawson 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 Lawson'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 Lawson or another part of Caldwell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawson, 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 Lawson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawson 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 Lawson, Missouri
Property taxes in Lawson, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawson is 1.19%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawson 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 Lawson's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64062 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Lawson provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawson Tax Rate
1.19%
Average Caldwell County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | 1.06% | 1.12% | 1.19% | 1.29% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Lawson, Missouri
In Lawson, 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 Caldwell County Assessor's Office 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 Lawson, 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. For instance, the median home price in Lawson is $169,985, with tax bills ranging from $1,324 at the 25th percentile to $3,318 at the 90th percentile. The highest and lowest median tax bills are both $2,071 in the 64062 zip code. By understanding 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 Lawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lawson Assessed Value
$169,985
Average Caldwell County Assessed Value
$73,285
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $89,065 | $119,615 | $169,985 | $224,988 | $253,304 |
Source: Ownwell
Property Tax Bills Across Lawson, Missouri
Property tax bills in Lawson, located in Caldwell County, MO, are determined based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the tax bill. For homeowners in Lawson, the median home price is $169,985. Factors influencing the tax bill include the property’s assessed value, the local tax rate, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Lawson is $1,324, while the 75th percentile tax bill is $2,686, and the 90th percentile tax bill can go up to $3,318. Comparatively, the national median property tax rate is 0.99%, which helps to contextualize how Lawson's property tax bills measure up on a broader scale. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Lawson Tax Bill
$2,071
Average Caldwell County Tax Bill
$850
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $908 | $1,324 | $2,071 | $2,686 | $3,318 |
Source: Ownwell