Laclede, Linn County, Missouri Property Taxes
The median property tax rate in Laclede, MO is 1.21%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Laclede at $28,900, the typical annual property tax bill reaches $338, which is significantly below the national median of $2,690. Property taxes in Laclede are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Laclede'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 Laclede 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
Laclede, Linn County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$350
$325
Ownwell’s Laclede Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laclede with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laclede 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 Laclede, Linn County, Missouri
Property taxes in Laclede, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Laclede is 0.93%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Laclede set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laclede 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 Laclede's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65536 zip code has the highest median property tax rate of 0.93%, while the 65536 zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Laclede 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 Laclede Tax Rate
1.21%
Average Linn County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laclede, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64651 | 0.79% | 0.88% | 1.21% | 1.49% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Laclede, Linn County, Missouri
In Laclede, 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 local appraisal district 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 Laclede, 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 Laclede helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64651 has the highest median tax bill at $338.00, while the lowest is also $338.00, reflecting the uniformity in this area.
Property Tax Assessment Values Across Laclede, Linn County, Missouri
Source: Ownwell
$9,900
$40,150
$70,400
Average Laclede Assessed Value
$28,900
Average Linn County Assessed Value
$25,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laclede, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64651 | $2,100 | $5,775 | $28,900 | $67,925 | $110,400 |
Source: Ownwell
Property Tax Bills Across Laclede, Linn County, Missouri
In Laclede, MO, property tax bills are calculated based on the assessed value of your property, which is a percentage of its market value. The local assessor determines this value, and it’s crucial because it directly impacts your tax bill. For instance, with a median home price of $28,900, homeowners can expect varying tax bills. The 25th percentile tax bill is around $79, while the 75th percentile reaches $707. At the higher end, the 90th percentile tax bill can be as much as $1,234. Several factors influence these variations, including property location, improvements, and local tax rates. The highest median tax bill in the region is $338 in the 64651 zip code, which is still significantly lower than the national median property tax rate of 0.99%. These differences highlight how local assessments and rates can significantly affect homeowners' annual expenses. Understanding these factors can help homeowners in Laclede better anticipate and manage their property tax obligations.
Average Laclede Tax Bill
$338
Average Linn County Tax Bill
$264
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Laclede, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64651 | $31 | $79 | $338 | $707 | $1,234 |
Source: Ownwell