La Belle, Lewis County, Missouri Property Taxes
The median property tax rate in LA BELLE, MO is 1.13%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $41,050, the typical annual property tax bill in LA BELLE is $435, significantly below the national median of $2,690. Property taxes in LA BELLE are calculated based on the tax assessed value, which often falls below the market value due to exemptions like 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 substantial 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, Lewis County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$464
$430
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, Lewis County, Missouri
Property taxes in LA BELLE, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in LA BELLE is 1.13%, 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 both the highest and lowest median property tax rate of 1.13%. Understanding how these cities compare with LA BELLE provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Belle Tax Rate
1.13%
Average Lewis County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Belle, Lewis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | 0.85% | 0.94% | 1.13% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across La Belle, Lewis County, 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 Lewis County Assessor's Office 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 and lowest median tax bills in the area are both $435.00, found in the 63447 zip code.
Property Tax Assessment Values Across La Belle, Lewis County, Missouri
Source: Ownwell
$33,140
$43,940
$54,740
Average La Belle Assessed Value
$41,050
Average Lewis County Assessed Value
$40,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Belle, Lewis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | $11,150 | $24,100 | $41,050 | $68,390 | $100,544 |
Source: Ownwell
Property Tax Bills Across La Belle, Lewis County, Missouri
In La Belle, located in Lewis County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in La Belle is $41,050. Property tax rates in this region are influenced by local government budgets and the need to fund public services such as schools, infrastructure, and emergency services. Homeowners in La Belle can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $255, while at the 75th percentile, it rises to approximately $677. For those at the 90th percentile, the tax bill can reach up to $1,136. The median tax bill in the zip code 63447 is $435, which is significantly lower than the national median property tax rate of 0.99%. These property taxes can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Understanding how these taxes are calculated helps homeowners budget and plan for their financial obligations more effectively.
Average La Belle Tax Bill
$435
Average Lewis County Tax Bill
$410
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Belle, Lewis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63447 | $132 | $255 | $435 | $677 | $1,136 |
Source: Ownwell