Lowry City, St. Clair County, Missouri Property Taxes
The median property tax rate in Lowry City, 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 Lowry City at $33,750, the typical annual property tax bill is $301, which is significantly below the national median of $2,690. Property taxes in Lowry City are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lowry City'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 Lowry City or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lowry City, St. Clair County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$358
$332
Ownwell’s Lowry City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lowry City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowry City 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 Lowry City, St. Clair County, Missouri
Property taxes in Lowry City, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowry City is 1.06%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Lowry City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowry City 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 Lowry City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64763 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Lowry City provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lowry City Tax Rate
1.06%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowry City, St. Clair County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64763 | 0.81% | 0.90% | 1.06% | 1.17% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Lowry City, St. Clair County, Missouri
In Lowry City, 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. Clair 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 Lowry City, 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. For instance, the median home price in Lowry City is $33,750, with tax bills ranging from $162 at the 25th percentile to $1,165 at the 90th percentile. 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 Lowry City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lowry City, St. Clair County, Missouri
Source: Ownwell
$32,450
$70,775
$109,100
Average Lowry City Assessed Value
$33,750
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lowry City, St. Clair County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64763 | $8,160 | $15,975 | $33,750 | $58,800 | $109,500 |
Source: Ownwell
Property Tax Bills Across Lowry City, St. Clair County, Missouri
In Lowry City, St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Lowry City is $33,750. Tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in Lowry City, the 25th percentile tax bill is $162, while those in the 75th percentile pay around $545. At the 90th percentile, the tax bill can reach $1,165. Several factors influence the tax bill, including property improvements, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Lowry City's property tax rates can be relatively lower, providing some relief to homeowners. However, the exact amount can vary significantly depending on the property's assessed value and specific circumstances. Understanding these factors can help homeowners anticipate their annual tax liabilities and manage their finances more effectively.
Average Lowry City Tax Bill
$301
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowry City, St. Clair County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64763 | $99 | $162 | $301 | $545 | $1,165 |
Source: Ownwell