Lesterville, Iron County, Missouri Property Taxes
Median Lesterville, MO effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Lesterville, MO home value: $18,550
Median annual Lesterville, MO tax bill: $166, $2,234 lower than the national median property tax bill of $2,400.
How are property taxes in Iron County calculated?
Property taxes in Lesterville, 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 Lesterville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lesterville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lesterville, Iron County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$167
$155
Property Tax Rates Across Lesterville, Iron County, Missouri
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 Lesterville Tax Rate
0.90%
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 Iron County Tax Rate
0.89%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lesterville, Iron County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63654 | 0.80% | 0.84% | 0.90% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Lesterville, Iron County, Missouri
When examining property taxes in Lesterville, Missouri, 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 Iron 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 Iron 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 Lesterville.
For example, the median home price in Lesterville is $18,550, with tax bills ranging significantly across the county. Zip code 63654 has the highest median home price at $18,550.
Property Tax Assessment Values Across Lesterville, Iron County, Missouri
Source: Ownwell
$18,550
$48,335
$78,120
Median Lesterville Market Value
$18,550
Median Iron County Market Value
$27,010
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lesterville, Iron County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63654 | $3,363 | $6,862 | $18,550 | $46,230 | $95,526 |
Source: Ownwell
Property Tax Bills Across Lesterville, Iron County, Missouri
In Lesterville, Iron County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $18,550, property taxes can vary significantly. Tax bills in Lesterville show a range, with the 25th percentile at $63 and the 90th percentile reaching $845. These figures indicate the potential variability in tax obligations for homeowners, influenced by factors such as property location and specific assessments.
The median property tax bill in Lesterville is $166, which is substantially lower than the national median of $2,400. However, even with lower taxes, homeowners can benefit from ensuring their property is not over-assessed. Ownwell offers a valuable service by reviewing property assessments and filing appeals when necessary. By leveraging local knowledge and expertise, Ownwell helps homeowners potentially reduce their tax bills and ensure fair taxation.
Median Lesterville Tax Bill
$166
Median Iron County Tax Bill
$232
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Lesterville, Iron County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63654 | $31 | $63 | $166 | $420 | $845 |
Source: Ownwell