Lake Saint Louis, Missouri Property Taxes
The median property tax rate in Lake Saint Louis, MO is 1.06%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Lake Saint Louis at $365,254, the typical annual property tax bill reaches $3,828, surpassing the national median of $2,690. Property taxes in Lake Saint Louis are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Saint Louis'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 Lake Saint Louis 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
Lake Saint Louis, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s LAKE SAINT LOUIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAKE SAINT LOUIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAKE SAINT LOUIS 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 Lake Saint Louis, Missouri
Property taxes in Lake Saint Louis, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Saint Louis is 1.06%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lake Saint Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Saint Louis 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 Lake Saint Louis' effective property tax rate to other counties in Missouri and the national median. For comparison, the 63367 zip code has the highest median property tax rate of 1.06%, while the 63367 zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Lake Saint Louis provides valuable insights into the varying tax landscape across St. Charles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Saint Louis Tax Rate
1.06%
Average St. Charles County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | 0.97% | 1.02% | 1.06% | 1.13% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Lake Saint Louis, Missouri
In Lake Saint Louis, 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 St. Charles County Assessor's Office 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 Lake Saint Louis, 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 Lake Saint Louis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,828, found in the 63367 zip code.
Property Tax Assessment Values Across Lake Saint Louis, Missouri
Source: Ownwell
$2,839
$381,656
$760,472
Average Lake Saint Louis Assessed Value
$365,254
Average St. Charles County Assessed Value
$293,699
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | $218,492 | $278,480 | $365,254 | $461,132 | $591,833 |
Source: Ownwell
Property Tax Bills Across Lake Saint Louis, Missouri
In Lake Saint Louis, located in St. Charles County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's tax rate is then applied to this assessed value. For instance, with a median home price of $365,254, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Several factors influence the final tax bill, including the property’s location, size, and any applicable deductions or exemptions. In Lake Saint Louis, the 25th percentile tax bill is approximately $2,856, while the 75th percentile reaches $5,008, and the 90th percentile can be as high as $6,442. The median tax bill in the area stands at $3,828, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life.
Average Lake Saint Louis Tax Bill
$3,828
Average St. Charles County Tax Bill
$3,174
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | $2,120 | $2,856 | $3,828 | $5,008 | $6,442 |
Source: Ownwell