Lawson, Clinton County, Missouri Property Taxes
The median property tax rate in Lawson, MO is 1.41%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Lawson at $178,445, the typical annual property tax bill reaches $2,634, just below 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 the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawson, Clinton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,516
$2,335
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, Clinton County, Missouri
Property taxes in Lawson, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawson is 1.41%, significantly higher than 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 areas in Missouri and the national median. For comparison, the zip code 64062 has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these areas compare with Lawson provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawson Tax Rate
1.41%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawson, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | 1.30% | 1.36% | 1.41% | 1.49% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Lawson, Clinton County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lawson, 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 local assessment authorities 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lawson is $2634 in the 64062 zip code, while the lowest median tax bill also stands at $2634 in the same zip code.
Property Tax Assessment Values Across Lawson, Clinton County, Missouri
Source: Ownwell
$130,195
$154,320
$178,445
Average Lawson Assessed Value
$178,445
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawson, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $89,710 | $135,895 | $178,445 | $223,430 | $276,485 |
Source: Ownwell
Property Tax Bills Across Lawson, Clinton County, Missouri
In Lawson, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners can expect tax bills to vary significantly depending on their property's assessed value and the local tax rate. For instance, the 25th percentile tax bill is around $1,866, while the 75th percentile reaches up to $3,395. The 90th percentile tax bill can be as high as $3,952. Several factors influence the tax bill, including the property's market value, improvements made to the property, and local tax rates set by various taxing authorities like schools, cities, and special districts. The median home price in Lawson is $178,445, and local tax rates can lead to a median tax bill of approximately $2,634, which is above the national median property tax rate of 0.99%. This financial obligation impacts homeowners by contributing to community services and infrastructure but also represents a significant annual expense.
Average Lawson Tax Bill
$2,634
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawson, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $1,199 | $1,866 | $2,634 | $3,395 | $3,952 |
Source: Ownwell