Lawson, Ray County, Missouri Property Taxes
The median property tax rate in Lawson, MO is 1.47%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Lawson, the typical annual property tax bill reaches $1,879, exceeding the national median of $2,690. Property taxes in Lawson 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 Lawson'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 Lawson 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
Lawson, Ray County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,747
$1,621
Ownwell’s Lawson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawson 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 Lawson, Ray County, Missouri
Property taxes in Lawson, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawson is 1.47%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawson 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 Lawson's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64062 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Lawson provides valuable insights into the varying tax landscape across Ray County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawson Tax Rate
1.47%
Average Ray County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawson, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | 1.31% | 1.38% | 1.47% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Lawson, Ray County, Missouri
In Lawson, 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 Ray 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 Lawson, 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 Lawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lawson are both $1,879, found in the 64062 zip code.
Property Tax Assessment Values Across Lawson, Ray County, Missouri
Source: Ownwell
$36,360
$82,168
$127,975
Average Lawson Assessed Value
$118,840
Average Ray County Assessed Value
$105,860
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawson, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $41,884 | $85,810 | $118,840 | $168,690 | $236,288 |
Source: Ownwell
Property Tax Bills Across Lawson, Ray County, Missouri
In Lawson, located in Ray County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Lawson face a median home price of $118,840. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The tax rate in Lawson is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. Homeowners in Lawson experience a range of property tax bills. For instance, those in the 25th percentile pay around $1,329 annually, while those in the 75th percentile see bills closer to $2,535. At the higher end, the 90th percentile faces tax bills of approximately $3,537. Interestingly, the highest and lowest median tax bills in Ray County both stand at $1,879, specifically in the 64062 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Lawson may find their property taxes to be relatively moderate, impacting their overall housing costs and financial planning.
Average Lawson Tax Bill
$1,879
Average Ray County Tax Bill
$1,429
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawson, Ray County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64062 | $646 | $1,329 | $1,879 | $2,535 | $3,537 |
Source: Ownwell