La Plata, Macon County, Missouri Property Taxes
The median property tax rate in LA PLATA, MO is 1.17%, 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 $45,026 in LA PLATA, the typical annual property tax bill is approximately $457, which is significantly below the national median of $2,690. Property taxes in LA PLATA are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding LA PLATA's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of LA PLATA or another part of Macon County, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
La Plata, Macon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$527
$489
Ownwell’s LA PLATA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA PLATA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA PLATA 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 Plata, Macon County, Missouri
Property taxes in LA PLATA, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA PLATA is 1.17%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within LA PLATA set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA PLATA 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 PLATA's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63549 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with LA PLATA provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Plata Tax Rate
1.17%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Plata, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63549 | 0.77% | 0.95% | 1.17% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across La Plata, Macon County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in LA PLATA, Missouri. 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 Macon 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 LA PLATA, 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. The median home price in LA PLATA is $45,026, with tax bills ranging from $204 at the 25th percentile to $1,102 at the 90th percentile. The highest and lowest median tax bills are both $457, found in the zip code 63549. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across La Plata, Macon County, Missouri
Source: Ownwell
$29,158
$62,873
$96,588
Average La Plata Assessed Value
$45,026
Average Macon County Assessed Value
$49,737
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Plata, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63549 | $6,816 | $16,566 | $45,026 | $81,944 | $124,180 |
Source: Ownwell
Property Tax Bills Across La Plata, Macon County, Missouri
In LA PLATA, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $45,026, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Several factors influence the tax bill, including property size, location, and improvements made to the home. In LA PLATA, tax bills can range significantly, with the 25th percentile at $204 and the 75th percentile at $790. The 90th percentile tax bill reaches $1102, indicating a wide disparity based on property characteristics and valuations. This system impacts homeowners by tying their tax obligations to property values, which can fluctuate with market conditions. Compared to the national median property tax rate of 0.99%, the tax rates in LA PLATA can lead to relatively modest tax bills, making it essential for homeowners to stay informed about their property's assessed value and any changes in local tax rates.
Average La Plata Tax Bill
$457
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across La Plata, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63549 | $81 | $204 | $457 | $790 | $1,102 |
Source: Ownwell