Leslie, Franklin County, Missouri Property Taxes
The median property tax rate in Leslie, MO is 1.04%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $139,925 in Leslie, the typical annual property tax bill amounts to $1,441, which is below the national median of $2,690. Property taxes in Leslie are based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Leslie'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 Leslie 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
Leslie, Franklin County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,455
$1,350
Ownwell’s Leslie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leslie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leslie 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 Leslie, Franklin County, Missouri
Property taxes in Leslie, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leslie is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Leslie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leslie 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 Leslie's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63056 zip code has both the highest and lowest median property tax rate of 1.04%. Understanding how these areas compare with Leslie provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leslie Tax Rate
1.04%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leslie, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63056 | 0.96% | 0.98% | 1.04% | 1.05% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Leslie, Franklin County, Missouri
In Leslie, 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 Franklin 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 Leslie, 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 Leslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 63056 has the highest median tax bill at $1,441, which is significantly higher than the national median property tax rate of 0.99%. By staying informed, homeowners in Leslie can take proactive steps to manage their property tax liabilities effectively.
Property Tax Assessment Values Across Leslie, Franklin County, Missouri
Source: Ownwell
$94,900
$354,785
$614,670
Average Leslie Assessed Value
$139,925
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leslie, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63056 | $39,010 | $88,038 | $139,925 | $191,990 | $262,045 |
Source: Ownwell
Property Tax Bills Across Leslie, Franklin County, Missouri
Calculating property tax bills in Leslie, Franklin County, MO involves several key factors. Homeowners' tax bills are primarily determined by the assessed value of their property, which is a percentage of the market value. In Leslie, the median home price stands at $139,925. The local tax rate is then applied to this assessed value. Homeowners in Leslie can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $928, while the 75th percentile reaches $1,980, and the 90th percentile can be as high as $2,661. This variation highlights the impact of different property values and assessments within the area. Compared to the national median property tax rate of 0.99%, Leslie's property taxes can be seen as relatively moderate. However, the financial burden on homeowners can still be significant, depending on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Leslie Tax Bill
$1,441
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Leslie, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63056 | $467 | $928 | $1,441 | $1,980 | $2,661 |
Source: Ownwell