Lake St Louis, Missouri Property Taxes
The median property tax rate in Lake St. Louis, MO is 1.03%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Lake St. Louis, the typical annual property tax bill reaches $8,050, significantly exceeding the national median of $2,690. Property taxes in Lake St. Louis are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake St. 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 St. 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 St 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 St. Louis Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lake St. Louis with just two essential data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake St. Louis to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Lake St Louis, Missouri
Property taxes in Lake St. Louis, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake St. Louis is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Lake St. Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake St. 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 St. Louis's effective property tax rate to other regions in Missouri and the national median. For comparison, the zip code 63367 has the highest median property tax rate of 1.03%, while the lowest median tax rate is also 1.03% in the same zip code. Understanding how these cities compare with Lake St. 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 St Louis Tax Rate
1.03%
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 St Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | 1.02% | 1.03% | 1.03% | 1.11% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Lake St Louis, Missouri
In Lake St. 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 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 St. 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 St. Louis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both in the 63367 zip code, with a value of $8,050.
Average Lake St Louis Assessed Value
$760,472
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 St Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | $266,619 | $699,850 | $760,472 | $808,838 | $932,164 |
Source: Ownwell
Property Tax Bills Across Lake St Louis, Missouri
In Lake St. Louis, 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 assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and any improvements or renovations can influence the assessed value. For homeowners in Lake St. Louis, the median home price is $760,472, leading to significant property tax bills. The 25th percentile tax bill is around $7,565, while the 75th percentile reaches $8,611. At the 90th percentile, homeowners can expect a tax bill of approximately $9,580. These figures are higher than the national median property tax rate of 0.99%, reflecting the area's higher property values. The financial impact on homeowners can be substantial, affecting their overall cost of living and budgeting decisions.
Average Lake St Louis Tax Bill
$8,050
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 St Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63367 | $2,776 | $7,565 | $8,050 | $8,611 | $9,580 |
Source: Ownwell