Lebanon, Laclede County, Missouri Property Taxes
The median property tax rate in Lebanon, MO is 1.12%, which is higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Lebanon at $73,800, the typical annual property tax bill is $800, which is below the national median of $2,690. Property taxes in Lebanon are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lebanon'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 Lebanon 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
Lebanon, Laclede County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$827
$767
Ownwell’s Lebanon Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lebanon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lebanon to provide an accurate property tax bill estimate. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, accounts for any applicable exemptions, ensuring a precise calculation for your property tax obligations.
Property Tax Rates Across Lebanon, Laclede County, Missouri
Property taxes in Lebanon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebanon is 1.12%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lebanon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebanon 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 Lebanon's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65536 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these areas compare with Lebanon 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 Lebanon Tax Rate
1.12%
Average Laclede County Tax Rate
1.10%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lebanon, Laclede County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65536 | 0.81% | 0.97% | 1.12% | 1.12% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Lebanon, Laclede County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lebanon, 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 the Laclede 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 Lebanon, 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 Lebanon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65536 has the highest and lowest median tax bill, both at $800.
Property Tax Assessment Values Across Lebanon, Laclede County, Missouri
Source: Ownwell
$52,800
$72,700
$92,600
Average Lebanon Assessed Value
$73,800
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 Lebanon, Laclede County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65536 | $21,600 | $40,700 | $73,800 | $115,475 | $168,200 |
Source: Ownwell
Property Tax Bills Across Lebanon, Laclede County, Missouri
In Lebanon, located in Laclede 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 in Lebanon is $73,800. Local tax authorities determine the assessed value, and then apply the local property tax rate to this value to calculate the tax bill. Various factors can influence the assessed value, including property size, location, and condition. In Lebanon, the tax bill at the 25th percentile is $453, while at the 75th percentile, it reaches $1,237. For those at the 90th percentile, the tax bill can be as high as $1,815. These figures show a range of what homeowners might expect to pay, depending on their property's assessed value. The highest and lowest median tax bills in the area both stand at $800, indicating a relatively uniform tax landscape. This system ensures that property taxes are proportionate to the value of one's home, impacting homeowners by aligning their tax obligations with the property's worth.
Average Lebanon Tax Bill
$800
Average Laclede County Tax Bill
$742
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lebanon, Laclede County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65536 | $267 | $453 | $800 | $1,237 | $1,815 |
Source: Ownwell