Liege, Missouri Property Taxes
The median property tax rate in Liege, MO is 0.91%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value in Liege of $12,000, the typical annual property tax bill is $108, significantly less than the national median of $2,690. Property taxes in Liege are calculated based on the tax assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Liege'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 Liege or another part of Morgan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liege, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$109
Ownwell’s Liege Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liege with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liege 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 Liege, Missouri
Property taxes in Liege, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liege is 0.91%, which is just below the U.S. national median of 0.99%. Local government entities within Liege set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liege 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 Liege's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63333 has the same median property tax rate of 0.91%. Understanding how these areas compare with Liege provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liege Tax Rate
0.91%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liege, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63333 | 0.90% | 0.90% | 0.91% | 0.95% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Liege, Missouri
In Liege, 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 Morgan County Assessor 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 Liege, 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. The zip code with the highest median tax bill in the area is 63333, with a median tax bill of $108. Being aware of these valuation processes in Liege helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Liege Assessed Value
$12,000
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liege, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63333 | $5,760 | $8,100 | $12,000 | $20,050 | $24,880 |
Source: Ownwell
Property Tax Bills Across Liege, Missouri
In Liege, Morgan County, MO, property tax bills are determined based on the assessed value of the property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $12,000, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill stands at $73, while the 75th percentile reaches $195, and the 90th percentile goes up to $247. Factors influencing these variations include the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. Compared to the national median property tax rate of 0.99%, the rates in Liege may seem relatively modest, but they still impact homeowners' financial planning. Understanding these elements helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Liege Tax Bill
$108
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Liege, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63333 | $52 | $73 | $108 | $195 | $247 |
Source: Ownwell