Leopold, Cape Girardeau County, Missouri Property Taxes
Median LEOPOLD, MO effective property tax rate: 1.00%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median LEOPOLD, MO home value: $25,259
Median annual LEOPOLD, MO tax bill: $254, $2,146 lower than the national median property tax bill of $2,400.
How are property taxes in Cape Girardeau calculated?
Property taxes in LEOPOLD, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding LEOPOLD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LEOPOLD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leopold, Cape Girardeau County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$253
$234
Property Tax Rates Across Leopold, Cape Girardeau County, Missouri
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their budget needs to deliver essential services and divide this figure by the total value of all taxable property within their area. This calculation determines the property tax rate. Although votes and legislation play a role in establishing tax rates and budgets, this is essentially the annual process.
In Leopold, located in Cape Girardeau County, Missouri, the effective property tax rate is a reflection of this process. When compared to other cities in Missouri, Leopold's rate offers insight into how property taxes are structured within the state. With Missouri's median property tax rate at 1.00%, it is slightly below the national median of 1.02%. Homeowners in Leopold benefit from a tax rate that aligns closely with the state average, providing a balanced approach to funding local services. This comparison highlights the importance of understanding local tax rates and how they impact property owners.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Leopold Tax Rate
1.00%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cape Girardeau County Tax Rate
0.97%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leopold, Cape Girardeau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63760 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Leopold, Cape Girardeau County, Missouri
When examining property taxes in Leopold, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cape Girardeau County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cape Girardeau County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Leopold. For example, the median home price in Leopold is $25,259, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Leopold, Cape Girardeau County, Missouri
Source: Ownwell
$45,331
$91,105
$136,878
Median Leopold Market Value
$25,259
Median Cape Girardeau County Market Value
$116,512
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leopold, Cape Girardeau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63760 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Leopold, Cape Girardeau County, Missouri
In Leopold, located in Cape Girardeau County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The assessed value is a percentage of the market value of the home. Homeowners in Leopold face property tax bills that vary widely, with the 25th percentile at $185 and the 75th percentile reaching $1,451. The median home price in the area is $25,259, which is significantly lower than the national median, but the property tax rate can still impact homeowners financially.
Factors such as local tax rates and the assessed value of the home play a crucial role in determining the final tax bill. This can be a substantial burden, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing local tax assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, offering significant savings and peace of mind.
Median Leopold Tax Bill
$254
Median Cape Girardeau County Tax Bill
$1,109
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Leopold, Cape Girardeau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63760 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
