Napoleon, Missouri Property Taxes
The median property tax rate in Napoleon, MO is 1.19%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With the median home value in Napoleon, the typical annual property tax bill amounts to $1,310, which is lower than the national median of $2,690. Property taxes in Napoleon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Napoleon'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 Napoleon or another part of Lafayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Napoleon, 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 Napoleon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Napoleon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Napoleon 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 Napoleon, Missouri
Property taxes in Napoleon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Napoleon is 1.19%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Napoleon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Napoleon 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 Napoleon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64074 zip code has the highest median property tax rate of 1.19%, while the same 64074 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Napoleon provides valuable insights into the varying tax landscape across Lafayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Napoleon Tax Rate
1.19%
Average Lafayette County Tax Rate
1.10%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Napoleon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64074 | 0.97% | 0.97% | 1.19% | 1.33% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Napoleon, Missouri
In Napoleon, 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 Lafayette 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 Napoleon, 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 Napoleon 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 $1,310 in zip code 64074.
Average Napoleon Assessed Value
$111,640
Average Lafayette County Assessed Value
$57,532
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Napoleon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64074 | $12,488 | $29,465 | $111,640 | $179,540 | $191,497 |
Source: Ownwell
Property Tax Bills Across Napoleon, Missouri
In Napoleon, located in Lafayette County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For homeowners in Napoleon, the median home price is $111,640. Tax bills can vary significantly; for example, homeowners at the 25th percentile pay around $286, while those at the 75th percentile face bills of approximately $2,308. At the 90th percentile, tax bills can reach up to $2,615. Comparatively, the national median property tax rate is 0.99%, which can help homeowners gauge how their local rates stack up against broader trends. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay can help homeowners better anticipate their yearly financial obligations and plan accordingly.
Average Napoleon Tax Bill
$1,310
Average Lafayette County Tax Bill
$641
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Napoleon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64074 | $122 | $286 | $1,310 | $2,308 | $2,615 |
Source: Ownwell