Falcon, Laclede County, Missouri Property Taxes
The median property tax rate in Falcon, MO is 0.78%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Falcon, the typical annual property tax bill reaches $575, significantly below the national median of $2,690. Property taxes in Falcon 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 Falcon'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 Falcon 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
Falcon, Laclede County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$562
$522
Ownwell’s Falcon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Falcon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falcon 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 Falcon, Laclede County, Missouri
Property taxes in Falcon, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Falcon is 0.78%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Falcon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falcon 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 Falcon's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65470 has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Falcon provides valuable insights into the varying tax landscape across Laclede County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falcon Tax Rate
0.78%
Average Laclede County Tax Rate
1.10%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falcon, Laclede County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65470 | 0.66% | 0.70% | 0.78% | 0.88% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Falcon, Laclede County, Missouri
In Falcon, 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 Laclede County Appraisal District 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 Falcon, 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 Falcon is $72,050, with tax bills ranging from $344 at the 25th percentile to $1,411 at the 90th percentile. The highest and lowest median tax bill in the region is $575, found in the 65470 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 Falcon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Falcon, Laclede County, Missouri
Source: Ownwell
$52,800
$72,700
$92,600
Average Falcon Assessed Value
$72,050
Average Laclede County Assessed Value
$72,400
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falcon, Laclede County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65470 | $23,800 | $39,275 | $72,050 | $115,775 | $178,800 |
Source: Ownwell
Property Tax Bills Across Falcon, Laclede County, Missouri
In Falcon, MO, located in Laclede County, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. This ratio typically varies but is often a percentage of the market value. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. Several factors influence the property tax bill, including the market value of the home and the specific tax rate set by local authorities. For instance, the median home price in Falcon is $72,050. Homeowners in the 25th percentile can expect a tax bill around $344, while those in the 75th percentile might see a bill closer to $894. At the 90th percentile, tax bills can reach up to $1,411. These property taxes fund essential public services, impacting the overall quality of life and community infrastructure in Falcon.
Average Falcon Tax Bill
$575
Average Laclede County Tax Bill
$742
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Falcon, Laclede County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65470 | $215 | $344 | $575 | $894 | $1,411 |
Source: Ownwell