Lentner, Shelby County, Missouri Property Taxes
The median property tax rate in Lentner, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $92,550 in Lentner, the typical annual property tax bill amounts to $903, significantly below the national median of $2,690. Property taxes in Lentner are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lentner'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 Lentner or another part of Shelby County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lentner, Shelby County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$833
$773
Ownwell’s Lentner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lentner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lentner 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 Lentner, Shelby County, Missouri
Property taxes in Lentner, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lentner is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Lentner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lentner 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 Lentner's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63450 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Lentner provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lentner Tax Rate
0.90%
Average Shelby County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lentner, Shelby County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63450 | 0.75% | 0.75% | 0.90% | 1.03% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Lentner, Shelby County, Missouri
In Lentner, 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 Shelby 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 Lentner, 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 Lentner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lentner are both $903.00 in the 63450 zip code.
Property Tax Assessment Values Across Lentner, Shelby County, Missouri
Source: Ownwell
$25,900
$59,225
$92,550
Average Lentner Assessed Value
$92,550
Average Shelby County Assessed Value
$56,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lentner, Shelby County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63450 | $26,450 | $53,775 | $92,550 | $142,425 | $207,440 |
Source: Ownwell
Property Tax Bills Across Lentner, Shelby County, Missouri
In Lentner, property tax bills are calculated based on the assessed value of a home, which is determined by the Shelby County assessor. This assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $92,550, homeowners can expect varying tax bills depending on their property's specific valuation and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Lentner typically see tax bills ranging from $508 at the 25th percentile to $2,014 at the 90th percentile, with the highest median tax bill recorded at $903 in the 63450 zip code. Compared to the national median property tax rate of 0.99%, Lentner's tax rates can significantly impact homeowners' annual expenses, making it crucial for property owners to understand their assessments and potential exemptions to manage their tax liabilities effectively.
Average Lentner Tax Bill
$903
Average Shelby County Tax Bill
$514
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lentner, Shelby County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63450 | $198 | $508 | $903 | $1,314 | $2,014 |
Source: Ownwell