Example of Laclede County Property Tax Calculation
In Laclede County, property tax is calculated based on the assessed value of a property. For example, if a property has an assessed value of $100,000, the property tax would be calculated as follows:
- Step 1: Determine the tax rate for the area. Let's say the tax rate is 2%.
- Step 2: Multiply the assessed value of the property ($100,000) by the tax rate (2%). This gives us $2,000, which is the total amount of property tax owed.
- Step 3: If there are any exemptions or deductions available, they can be applied at this point. For example, if the property is a primary residence, there may be a homestead exemption available.
It's important to note that property tax rates and exemptions can vary by state and county, so it's always best to check with local authorities for accurate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Laclede County Property Tax Rates
The Laclede County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.2646 |
| Road and Bridge | $0.3099 |
| Ambulance District | $0.2500 |
| Library District | $0.1500 |
| Fire District | $0.2000 |
Please note that these rates are subject to change and may vary depending on the specific location of the property. It is recommended to consult with a licensed tax advisor for further information or clarification.
Who sets property tax rates in Laclede County ?
Property Tax Rates in Laclede County
Property tax rates in Laclede County are set by the Laclede County Board of Commissioners. The Board examines the County's budget and expenditures to determine the property tax rate each year. The property tax rate is typically set in September of each year.
Property taxes are used to fund various County services and programs, including schools, roads, emergency services, and public parks. Each property owner's tax liability is calculated by multiplying the property's value by the tax rate. Property owners in Laclede County can pay their property taxes in installments or in full by the due date.
It is important to note that property tax rates may vary from year to year, depending on the County's budget and other factors. Property owners in Laclede County can contact the County Assessor's office for more detailed information about their property taxes.
Homestead exemptions in Laclede County ?
In Laclede County, Missouri, there are several Homestead exemptions and deductions available for eligible residents. Below is a table outlining the different exemptions, eligibility requirements, maximum amounts, and any important notes or details:
| Exemption/Deduction | Eligibility | Maximum Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Resident of Laclede County and occupies property as primary residence on January 1st | $5,000 | Must apply annually by March 1st |
| Senior Citizens Property Tax Credit | At least 65 years old or disabled, Missouri resident for at least 3 years, and income below $85,554 | Varies based on income and property value | Must apply annually by March 1st and provide proof of income |
| Circuit Breaker Property Tax Credit | At least 65 years old or disabled, Missouri resident for at least 1 year, and income below $30,000 for individuals or $34,000 for married couples | Up to $1,100 | Must apply annually by June 1st and provide proof of income |
| Agricultural and Horticultural Land Exemption | Used for farming or horticultural purposes, $2,500 minimum annual income from property | Varies based on assessment value | Must apply annually by March 1st |
| Military Personnel Property Tax Exemption | Active duty military personnel who are Missouri residents and stationed outside of Missouri | Varies based on property value and length of absence | Must provide orders and apply within 90 days of return |
| Disabled Veterans Property Tax Exemption | Honorably discharged veteran with 100% service-connected disability or un-remarried surviving spouse of such veteran | Full exemption | Must provide proof of disability and apply annually by March 1st |
It is important for eligible residents to apply for these exemptions and deductions in a timely manner and provide all necessary documentation. This can help reduce the amount of property tax owed and improve overall financial stability.
When is Laclede County Property Tax due ?
Laclede County Property Tax is typically due on December 31st of each year. Property owners are responsible for paying their taxes on time to avoid any penalties or interest charges.
There are different payment methods available to property owners. Here are some of the most common options:
| Payment Method | Description |
|---|---|
| Online Payment | Property owners can make payments online using a credit or debit card. Some websites allow e-check payments as well. |
| Property owners can also mail their payment, along with the payment stub, to the Laclede County Collector's Office. | |
| In-Person | Property owners can visit the Laclede County Collector's Office to make their payment in person. Accepted payment methods usually include cash, check, or money order. |
It's important to note that property owners who choose to pay in installments must make their first payment by December 31st and the remaining payments by the due dates specified on their payment plan. Failure to pay on time may result in penalties and interest charges.
Overall, property owners in Laclede County have several options to pay their property taxes, including online, mail, and in-person payments. It's crucial to make payments on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Laclede County Property Tax penalty calculated ?
Laclede County Property Tax Penalty Calculation:
When a property owner fails to pay property taxes on time, they may be subject to penalties and interest charges. The penalty for late payment of property taxes in Laclede County is calculated based on a percentage of the delinquent taxes owed.
Here is an example to illustrate how the penalty is calculated:
- Property owner A owes $2,000 in property taxes for the year 2021 in Laclede County.
- The due date for the taxes is December 31, 2021.
- Property owner A fails to pay the taxes by the due date.
- On January 1, 2022, the penalty for late payment of property taxes in Laclede County is applied.
- The penalty is calculated as follows: 2% of the unpaid taxes for the first month (January) + an additional 0.5% for each month thereafter until the taxes are paid.
- So, for Property owner A, the penalty for January 2022 would be $40 (2% of $2,000).
- If Property owner A still hasn't paid the taxes by February 1, 2022, the penalty for February would be $50 (2.5% of $2,000).
- The penalty will continue to increase by 0.5% each month until the taxes are paid in full.
It's important to note that interest charges are also added to the delinquent taxes, which further increases the amount owed.
In conclusion, it's crucial for property owners in Laclede County to make sure they pay their property taxes on time to avoid penalties and interest charges.
We recommend contacting the Laclede County Tax Office or a local tax professional for the most up-to-date and accurate information.