Lincoln County Property Taxes
The median property tax rate in Lincoln County is 1.17%, which is higher than the national median of 0.99% but slightly lower than Missouri's state median of 1.20%. With a median home value of $149,220 in Lincoln County, the typical annual property tax bill amounts to $1,734, which is considerably less than the national median of $2,690. Property taxes in Lincoln County are determined based on the tax assessed value, which is often lower than the actual market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Lincoln County's specific property tax system, exploring available exemptions, and finding opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Troy or another part of Lincoln County, gaining a comprehensive knowledge of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Lincoln County 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 Lincoln County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lincoln County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lincoln County to estimate your property tax bill. This insightful tool 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 Lincoln County, Missouri
Property taxes in Lincoln County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lincoln County is 1.17%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lincoln County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lincoln 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 Lincoln County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Troy has one of the higher property tax rates in Missouri at 1.18%, while the city of Middletown boasts one of the lowest at 0.94%. Analyzing how Lincoln County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincoln County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellflower | 1.08% | 1.13% | 1.14% | 1.14% | 1.14% |
| Bowling Green | 0.86% | 0.95% | 0.99% | 1.00% | 1.08% |
| Elsberry | 1.01% | 1.05% | 1.06% | 1.17% | 1.20% |
| Eolia | 0.90% | 1.00% | 1.11% | 1.14% | 1.17% |
| Foley | 1.07% | 1.09% | 1.09% | 1.09% | 1.18% |
| Foristell | 1.13% | 1.14% | 1.14% | 1.14% | 1.14% |
| Hawk Point | 1.09% | 1.16% | 1.17% | 1.22% | 1.22% |
| Middletown | 0.72% | 0.82% | 0.94% | 0.97% | 0.99% |
| Moscow Mills | 1.11% | 1.18% | 1.18% | 1.31% | 1.31% |
| Old Monroe | 1.04% | 1.06% | 1.06% | 1.12% | 1.14% |
| Silex | 0.89% | 0.96% | 1.00% | 1.08% | 1.17% |
| Troy | 1.15% | 1.18% | 1.18% | 1.21% | 1.21% |
| Truxton | 1.06% | 1.13% | 1.17% | 1.24% | 1.24% |
| Warrenton | 1.03% | 1.08% | 1.08% | 1.08% | 1.08% |
| Whiteside | 1.13% | 1.14% | 1.14% | 1.14% | 1.14% |
| Winfield | 1.08% | 1.09% | 1.13% | 1.17% | 1.18% |
| Wright City | 1.09% | 1.13% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Lincoln County, MO. 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 Lincoln 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 Lincoln 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, Moscow Mills has the highest median tax bill at $2,109, while Bellflower has the lowest at $236. Being aware of these valuation processes in Lincoln County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellflower | $6,000 | $10,230 | $21,050 | $71,790 | $91,790 |
| Bowling Green | $2,795 | $19,225 | $101,865 | $133,115 | $223,415 |
| Elsberry | $1,993 | $22,415 | $60,825 | $128,078 | $210,823 |
| Eolia | $25,036 | $72,415 | $153,140 | $223,585 | $273,718 |
| Foley | $1,453 | $21,000 | $60,430 | $146,035 | $239,081 |
| Foristell | $16,000 | $24,000 | $58,580 | $221,620 | $283,122 |
| Hawk Point | $15,096 | $41,238 | $106,515 | $204,182 | $272,201 |
| Middletown | $55,029 | $116,055 | $174,125 | $244,420 | $309,559 |
| Moscow Mills | $25,754 | $106,470 | $174,890 | $230,065 | $310,298 |
| Old Monroe | $12,000 | $75,435 | $137,340 | $263,605 | $352,684 |
| Silex | $17,754 | $55,390 | $126,695 | $211,208 | $282,431 |
| Troy | $39,671 | $110,902 | $163,055 | $214,880 | $291,919 |
| Truxton | $1,830 | $17,210 | $62,850 | $126,310 | $231,346 |
| Warrenton | $17,250 | $41,560 | $85,305 | $226,138 | $295,385 |
| Whiteside | $1,061 | $7,208 | $33,255 | $52,600 | $78,583 |
| Winfield | $17,292 | $62,650 | $143,180 | $168,580 | $234,466 |
| Wright City | $14,000 | $33,290 | $81,260 | $187,960 | $260,846 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Missouri
In Lincoln 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 the county is $149,220. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the tax bill. The national median property tax rate is 0.99%, but local rates can vary. Several factors influence the tax bill, including the property's location and any applicable exemptions. For instance, in Lincoln County, the 25th percentile tax bill is $746, while the 75th percentile reaches up to $2,360. Homeowners in the 90th percentile can expect to pay around $3,234. The highest median tax bill in the county is found in Moscow Mills at $2,109, while Bellflower has the lowest at $236. These variations affect homeowners significantly, as higher taxes can impact affordability and overall cost of living. Understanding how these factors interplay helps homeowners plan and manage their finances better.
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellflower | $68 | $108 | $236 | $815 | $1,040 |
| Bowling Green | $21 | $189 | $986 | $1,489 | $2,415 |
| Elsberry | $22 | $240 | $687 | $1,416 | $2,224 |
| Eolia | $264 | $758 | $1,582 | $2,414 | $3,008 |
| Foley | $18 | $230 | $663 | $1,589 | $2,605 |
| Foristell | $182 | $274 | $661 | $2,435 | $3,141 |
| Hawk Point | $171 | $522 | $1,272 | $2,380 | $3,169 |
| Middletown | $475 | $1,078 | $1,500 | $2,188 | $2,662 |
| Moscow Mills | $373 | $1,381 | $2,109 | $2,829 | $3,632 |
| Old Monroe | $132 | $839 | $1,511 | $2,807 | $3,785 |
| Silex | $179 | $559 | $1,294 | $2,091 | $2,819 |
| Troy | $557 | $1,384 | $1,956 | $2,551 | $3,426 |
| Truxton | $23 | $212 | $705 | $1,417 | $2,649 |
| Warrenton | $187 | $450 | $909 | $2,374 | $3,233 |
| Whiteside | $12 | $70 | $369 | $572 | $878 |
| Winfield | $197 | $748 | $1,609 | $1,936 | $2,631 |
| Wright City | $160 | $377 | $927 | $2,129 | $2,912 |
Source: Ownwell