Lawrence County, Missouri Property Taxes
The median property tax rate in Lawrence County is 0.92%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $87,220, the typical annual property tax bill in Lawrence County is approximately $784, significantly less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Lawrence County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can result in substantial annual savings. Whether you reside in Mount Vernon or another part of Lawrence County, having a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawrence County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$802
$745
Ownwell’s Lawrence County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lawrence County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lawrence County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lawrence County, Missouri
Property taxes in Lawrence County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lawrence County is 0.92%, which is lower than both the Missouri state median of 1.00% and the U.S. national median of 0.99%. Local government entities within Lawrence County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lawrence County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lawrence County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Freistatt has one of the higher property tax rates in Missouri at 1.05%, while the city of Golden City boasts one of the lowest at 0.74%. Analyzing how Lawrence County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lawrence County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawrence County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Grove | 0.85% | 0.91% | 0.95% | 0.97% | 0.98% |
| Aurora | 0.84% | 0.90% | 0.93% | 0.95% | 0.95% |
| Billings | 0.92% | 0.98% | 1.01% | 1.03% | 1.04% |
| Bois D Arc | 0.84% | 0.94% | 0.97% | 0.98% | 0.98% |
| Everton | 0.83% | 0.89% | 0.94% | 0.96% | 0.98% |
| Freistatt | 0.90% | 1.03% | 1.05% | 1.05% | 1.05% |
| Golden City | N/A | N/A | N/A | N/A | N/A |
| Halltown | N/A | N/A | N/A | N/A | N/A |
| La Russell | 0.70% | 0.80% | 0.88% | 0.93% | 0.94% |
| Lockwood | 0.72% | 0.78% | 0.91% | 0.93% | 0.93% |
| Marionville | 0.89% | 0.93% | 0.96% | 1.02% | 1.02% |
| Miller | 0.80% | 0.87% | 0.92% | 0.95% | 1.09% |
| Monett | 0.83% | 0.87% | 0.90% | 0.93% | 0.96% |
| Mount Vernon | 0.82% | 0.89% | 0.93% | 0.94% | 0.94% |
| Pierce City | 0.72% | 0.83% | 0.88% | 0.90% | 1.00% |
| Republic | N/A | N/A | N/A | N/A | N/A |
| Sarcoxie | 0.68% | 0.77% | 0.80% | 0.83% | 0.88% |
| South Greenfield | 0.79% | 0.84% | 0.89% | 0.93% | 0.93% |
| Stotts City | 0.74% | 0.80% | 0.87% | 0.90% | 1.00% |
| Verona | 0.84% | 0.90% | 0.94% | 0.97% | 1.12% |
| Wentworth | 0.74% | 0.80% | 0.84% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Lawrence County, Missouri
In Lawrence County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lawrence County Appraisal District. The assessed value, however, 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. Assessment notices in Lawrence County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Republic has the highest median tax bill at $1,854, while Halltown has the lowest at $283. Being aware of these valuation processes in Lawrence County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Lawrence County, Missouri
Source: Ownwell
$35,759
$81,807
$127,855
Average Lawrence County Assessed Value
$87,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawrence County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Grove | $28,197 | $51,931 | $95,224 | $156,432 | $203,476 |
| Aurora | $21,568 | $38,367 | $74,217 | $137,771 | $216,675 |
| Billings | $48,162 | $101,233 | $127,855 | $175,474 | $212,983 |
| Bois D Arc | $31,469 | $46,316 | $71,491 | $162,438 | $226,887 |
| Everton | $24,611 | $45,333 | $75,483 | $137,728 | $231,966 |
| Freistatt | $25,158 | $29,684 | $35,759 | $52,622 | $64,158 |
| Golden City | N/A | N/A | N/A | N/A | N/A |
| Halltown | N/A | N/A | N/A | N/A | N/A |
| La Russell | $37,644 | $57,455 | $92,302 | $163,896 | $247,614 |
| Lockwood | $20,342 | $37,055 | $60,425 | $118,824 | $151,417 |
| Marionville | $16,650 | $39,656 | $77,147 | $136,124 | $233,440 |
| Miller | $25,917 | $44,904 | $81,425 | $139,425 | $222,242 |
| Monett | $25,638 | $50,905 | $91,956 | $163,211 | $261,469 |
| Mount Vernon | $31,505 | $56,284 | $103,149 | $172,972 | $253,279 |
| Pierce City | $19,211 | $40,862 | $94,598 | $155,384 | $216,951 |
| Republic | N/A | N/A | N/A | N/A | N/A |
| Sarcoxie | $44,716 | $68,004 | $110,983 | $154,228 | $192,040 |
| South Greenfield | $24,553 | $48,816 | $78,128 | $100,145 | $132,181 |
| Stotts City | $17,042 | $37,526 | $78,938 | $141,601 | $231,809 |
| Verona | $24,560 | $43,308 | $92,794 | $168,400 | $235,212 |
| Wentworth | $30,829 | $46,520 | $83,274 | $139,002 | $194,583 |
Source: Ownwell
Property Tax Bills Across Lawrence County, Missouri
Property tax bills in Lawrence County, MO are calculated based on the assessed value of a property, which is a percentage of its market value. The county assesses properties at a fraction of their market value, and this assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, improvements, and market trends influence the assessed value. For homeowners, this means that properties in higher-valued areas or those with significant improvements will have higher tax bills. For example, the median home price in Lawrence County is $87,220, with tax bills ranging from $421 at the 25th percentile to $2,122 at the 90th percentile. The city of Republic has the highest median tax bill at $1,854, while Halltown has the lowest at $283. Compared to the national median property tax rate of 0.99%, Lawrence County's rates can vary significantly, impacting homeowners differently depending on their specific circumstances.
Average Lawrence County Tax Bill
$784
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawrence County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Grove | $276 | $470 | $875 | $1,471 | $1,955 |
| Aurora | $214 | $369 | $695 | $1,262 | $2,029 |
| Billings | $461 | $839 | $1,240 | $1,801 | $2,177 |
| Bois D Arc | $308 | $421 | $684 | $1,595 | $1,838 |
| Everton | $235 | $413 | $689 | $1,243 | $2,125 |
| Freistatt | $257 | $295 | $366 | $541 | $579 |
| Golden City | N/A | N/A | N/A | N/A | N/A |
| Halltown | N/A | N/A | N/A | N/A | N/A |
| La Russell | $287 | $485 | $819 | $1,453 | $2,030 |
| Lockwood | $182 | $343 | $458 | $924 | $1,293 |
| Marionville | $172 | $401 | $754 | $1,352 | $2,220 |
| Miller | $253 | $421 | $745 | $1,295 | $2,033 |
| Monett | $255 | $479 | $816 | $1,485 | $2,374 |
| Mount Vernon | $295 | $512 | $928 | $1,573 | $2,288 |
| Pierce City | $188 | $361 | $817 | $1,325 | $1,921 |
| Republic | N/A | N/A | N/A | N/A | N/A |
| Sarcoxie | $349 | $531 | $911 | $1,195 | $1,572 |
| South Greenfield | $222 | $410 | $714 | $895 | $1,230 |
| Stotts City | $174 | $335 | $693 | $1,214 | $1,876 |
| Verona | $225 | $429 | $851 | $1,512 | $2,145 |
| Wentworth | $247 | $381 | $675 | $1,166 | $1,651 |
Source: Ownwell