La Belle, Missouri Property Taxes
The median property tax rate in LA BELLE, MO is 1.19%, slightly higher than the national median of 0.99% but just below Missouri's state median of 1.20%. With a median home value of $100,940 in LA BELLE, the typical annual property tax bill amounts to $1,178, which is lower than the national median of $2,690. Property taxes in LA BELLE are calculated based on the tax assessed value, often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding LA BELLE'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 LA BELLE or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Belle, 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 LA BELLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA BELLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA BELLE 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 La Belle, Missouri
Property taxes in La Belle, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Belle is 1.19%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within La Belle set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Belle 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 La Belle's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63447 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 La Belle provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Belle Tax Rate
1.19%
Average Knox County Tax Rate
0.72%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | 1.06% | 1.11% | 1.19% | 1.27% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across La Belle, Missouri
In LA BELLE, 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 Knox 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 LA BELLE, 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 LA BELLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,178 in the 63447 zip code, while the lowest is also $1,178 in the same zip code.
Average La Belle Assessed Value
$100,940
Average Knox County Assessed Value
$29,820
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | $31,245 | $57,818 | $100,940 | $185,002 | $285,267 |
Source: Ownwell
Property Tax Bills Across La Belle, Missouri
In La Belle, Knox County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in La Belle can expect property tax bills to vary significantly. The median home price in the area is $100,940, and the property tax rate is applied to this assessed value to determine the annual tax bill. For instance, homeowners might find their tax bill at the 25th percentile to be around $597, while those at the 75th percentile could pay approximately $2,398. At the 90th percentile, tax bills can reach up to $3,817. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in La Belle may find their tax obligations to be relatively moderate. This variation in tax bills affects homeowners by influencing their annual financial planning and the overall cost of owning property in the area.
Average La Belle Tax Bill
$1,178
Average Knox County Tax Bill
$245
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | $331 | $597 | $1,178 | $2,398 | $3,817 |
Source: Ownwell