Village Of Loch Lloyd, Morgan County, Missouri Property Taxes

Name: Property Tax Bills Across Village Of Loch Lloyd, Morgan County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median VILLAGE OF LOCH LLOYD, MO effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the MO state median of 1.20%.
Median VILLAGE OF LOCH LLOYD, MO home value: $3500
Median annual VILLAGE OF LOCH LLOYD, MO tax bill: $30, $2370 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan calculated?

Property taxes in VILLAGE OF LOCH LLOYD, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding VILLAGE OF LOCH LLOYD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in VILLAGE OF LOCH LLOYD, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Village Of Loch Lloyd, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$30

$28

Ownwell’s Village of Loch Lloyd Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Village of Loch Lloyd with just two data points. By entering your property's estimated assessed value, our calculator applies Village of Loch Lloyd’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in 29141. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Village Of Loch Lloyd, Morgan County, Missouri

Local government entities determine tax rates, which can differ significantly across a state. Each year, counties estimate the budget needed to provide essential services and divide that by the total value of all taxable property within their area. This calculation results in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

In the Village of Loch Lloyd, located in Cass County, Missouri, property tax rates are an important consideration for homeowners. The effective property tax rate here is a reflection of the county's budgetary needs and the total assessed property value. When comparing the Village of Loch Lloyd's effective property tax rate to other cities in Missouri, it's evident that rates can fluctuate based on local government decisions and economic factors.

The median property tax rate in Missouri is 0.87%, which is lower than the national median of 1.02%. Consequently, property tax bills in Missouri are often lower than the national median property tax bill of $2,400. Understanding these differences can help homeowners make informed decisions about property ownership and tax liabilities.

Property Tax Rates Across Village Of Loch Lloyd, Morgan County, Missouri

Source: Ownwell

0.69%

1.35%

2.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Village Of Loch Lloyd Tax Rate

0.87%

Median Effective Morgan County Tax Rate

0.87%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Village Of Loch Lloyd, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64012	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Village Of Loch Lloyd, Morgan County, Missouri

When examining property taxes in Village of Loch Lloyd, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Morgan County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Village of Loch Lloyd. For example, the median home price in Village of Loch Lloyd is $3,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Village Of Loch Lloyd, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median Village Of Loch Lloyd Market Value

$3,500

Median Morgan County Market Value

$49,350

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Village Of Loch Lloyd, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64012	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Village Of Loch Lloyd, Morgan County, Missouri

In the Village of Loch Lloyd, located in Morgan County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Given the median home price in the region is $3,500, homeowners in this area experience property tax bills that are significantly lower than the national median property tax bill of $2,400. The tax bills in the 25th, 75th, and 90th percentiles are all $30, illustrating a consistent and relatively low tax burden for homeowners in this locale. Factors such as property size, location, and local government budgets can influence these assessments. Ownwell can assist homeowners by providing expert property tax appeal services, potentially leading to lower assessed values and, consequently, reduced tax bills. By leveraging local expertise, Ownwell helps ensure homeowners are not overpaying on their property taxes, offering peace of mind and financial savings.

Property Tax Bills Across Village Of Loch Lloyd, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median Village Of Loch Lloyd Tax Bill

$30

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Village Of Loch Lloyd, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64012	N/A	N/A	N/A	N/A	N/A

Source: Ownwell