Ludlow, Livingston County, Missouri Property Taxes
The median property tax rate in Ludlow, MO is 1.14%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $32,280, the typical annual property tax bill in Ludlow amounts to $377, which is significantly below the national median of $2,690. Property taxes in Ludlow are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ludlow'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 Ludlow or another part of Livingston County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ludlow, Livingston County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$368
$341
Ownwell’s Ludlow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ludlow with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Ludlow to project your property tax bill. This valuable tool provides clarity on potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ludlow, Livingston County, Missouri
Property taxes in Ludlow, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ludlow is 1.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ludlow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ludlow 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 Ludlow's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64656 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Ludlow provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ludlow Tax Rate
1.14%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ludlow, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64656 | 0.79% | 0.89% | 1.14% | 1.34% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Ludlow, Livingston County, Missouri
In Ludlow, 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 Livingston County 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 Ludlow, 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 Ludlow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ludlow are both $377, found in the 64656 zip code.
Property Tax Assessment Values Across Ludlow, Livingston County, Missouri
Source: Ownwell
$32,280
$62,643
$93,005
Average Ludlow Assessed Value
$32,280
Average Livingston County Assessed Value
$65,985
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ludlow, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64656 | $4,472 | $11,342 | $32,280 | $76,405 | $124,893 |
Source: Ownwell
Property Tax Bills Across Ludlow, Livingston County, Missouri
In Ludlow, 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 home's market value. Several factors influence the tax bill, including the property's location, size, and condition, as well as local tax rates set by various taxing authorities such as school districts and municipalities. For example, homeowners in Ludlow with a median home price of $32,280 face different tax bills depending on their property's specific characteristics and the local tax rate. The 25th percentile tax bill is approximately $149, while the 75th percentile tax bill reaches around $768. At the higher end, the 90th percentile tax bill can be as much as $1,393. These variations significantly affect homeowners, as higher property taxes can lead to increased financial burdens, especially for those on fixed incomes or with lower-valued properties. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Ludlow Tax Bill
$377
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ludlow, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64656 | $41 | $149 | $377 | $768 | $1,393 |
Source: Ownwell