Lake Lotawana, Jackson County, Missouri Property Taxes

Name: Property Tax Bills Across Lake Lotawana, Jackson County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake Lotawana, MO effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Lake Lotawana, MO home value: $321,500
Median annual Lake Lotawana, MO tax bill: $4,736, $2,336 higher than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

Property taxes in Lake Lotawana, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lake Lotawana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Lotawana, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Lotawana, Jackson County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$4,983

$4,624

Ownwell’s Lake Lotawana Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Lotawana with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Lotawana’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Lotawana, Jackson County, Missouri

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs for services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual procedure.

In Lake Lotawana, located in Jackson County, Missouri, the effective property tax rate is a key point of comparison with other cities in the state. Missouri's median property tax rate is 1.55%, which is above the national median of 1.02%. This suggests that property owners in Missouri, including those in Lake Lotawana, may face higher tax rates compared to the national average. However, it is important to note that Lake Lotawana's rate is consistent with the state's median, indicating a level of uniformity within the region. Understanding these rates can be crucial for property owners considering tax appeals or exemptions, as it provides context on how local rates compare to broader benchmarks.

Property Tax Rates Across Lake Lotawana, Jackson County, Missouri

Source: Ownwell

1.01%

1.45%

1.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lake Lotawana Tax Rate

1.55%

Median Effective Jackson County Tax Rate

1.56%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Lotawana, Jackson County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64086	1.55%	1.55%	1.55%	1.55%	1.55%

Source: Ownwell

Property Tax Assessment Values Across Lake Lotawana, Jackson County, Missouri

When examining property taxes in Lake Lotawana, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Jackson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Jackson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Lotawana. For example, the median home price in Lake Lotawana is $321,500, with tax bills ranging significantly across the county. Zip code 64086 has the highest median home price at $321,500.

Property Tax Assessment Values Across Lake Lotawana, Jackson County, Missouri

Source: Ownwell

$23,000

$198,750

$374,500

Median Lake Lotawana Market Value

$321,500

Median Jackson County Market Value

$127,000

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Lotawana, Jackson County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64086	$96,460	$185,000	$321,500	$527,750	$806,800

Source: Ownwell

Property Tax Bills Across Lake Lotawana, Jackson County, Missouri

In Lake Lotawana, located in Jackson County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price here is $321,500. Homeowners can expect property tax bills ranging from $2,775 at the 25th percentile to $12,097 at the 90th percentile. The highest and lowest median tax bills both stand at $4,736 in the zip code 64086, reflecting a consistent tax burden across the area. Compared to the national median property tax rate of 1.02%, homeowners in Lake Lotawana may find their tax bills higher or lower depending on their home's assessed value and any applicable exemptions. These taxes fund essential community services but can be a significant financial burden for homeowners. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell ensures homeowners only pay their fair share, potentially saving them thousands annually.

Property Tax Bills Across Lake Lotawana, Jackson County, Missouri

Source: Ownwell

$359

$3,468

$6,577

Median Lake Lotawana Tax Bill

$4,736

Median Jackson County Tax Bill

$2,070

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Lotawana, Jackson County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64086	$1,515	$2,775	$4,736	$7,693	$12,097

Source: Ownwell