Alma, Lafayette County, Missouri Property Taxes

$774 avg. annual savings

No Upfront Costs

You only pay if we save

Property Taxes in Alma, Missouri

Median Alma, Missouri effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, and lower than the Missouri state median of 1.25%.
Median Alma, Missouri home value: $66,210
Median annual Alma, Missouri tax bill: $582, $1,818 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette calculated?

Property taxes in Alma, Missouri 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 Alma's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alma, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Alma, Lafayette County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$530

$492

How Does the Alma Property Tax Calculator Work?

Use this Alma property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Alma's median effective tax rate of 0.80% — based on actual property records in Lafayette County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Alma's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Alma: rates range from 0.80% in 64001 to 0.80% in 64001, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Alma.

About Alma Property Taxes

About Property Taxes in Alma, Lafayette, Missouri

Alma’s median effective property tax rate of 0.80% is lower than the Missouri state median of 1.25% and lower than the national median of 1.02%. This rate reflects the Lafayette County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Alma. Homeowners in the 64001 ZIP code carry a median effective rate of 0.80%, while those in 64001 pay 0.80%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lafayette County. Understanding which part of Alma you live in can make a meaningful difference to your annual tax bill.

Alma homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the July 13, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Alma, Lafayette County, Missouri

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Alma's effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.

Property Tax Rates Across Alma, Lafayette County, Missouri

Source: Ownwell

0.79%

1.12%

1.44%

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 Alma Tax Rate

0.80%

Median Effective Lafayette County Tax Rate

1.21%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alma, Lafayette County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64001	0.79%	0.80%	0.80%	0.95%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Alma, Lafayette County, Missouri

When examining property taxes in Alma, 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 Lafayette County assessor 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.

Assessment notices:

In Lafayette County, assessment notices are sent in June each year. They'll typically reach your mailbox by the middle of June.

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 Alma.

For example, the median home price in Alma is $66,210, with tax bills ranging significantly across the county. 64001 has the highest median home price at $66,210.

Property Tax Assessment Values Across Alma, Lafayette County, Missouri

Source: Ownwell

$24,075

$83,813

$143,550

Median Alma Market Value

$66,210

Median Lafayette County Market Value

$58,330

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alma, Lafayette County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64001	$20,974	$38,305	$66,210	$148,695	$193,290

Source: Ownwell

Property Tax Bills Across Alma, Lafayette County, Missouri

Property tax bills in Alma are based on the assessed value of a home, not its market price, and the local tax rate applied to that assessment. For homeowners, the bill is determined by multiplying the assessed value by the tax rate set for the area, which means two homes with different assessments can owe very different amounts even within the same city.

With a median home price of $66,210, property taxes can still vary widely depending on the specific property and its assessment. The 25th percentile tax bill is $318, while the 75th percentile is $1,200 and the 90th percentile reaches $1,966. That range shows how much location, home characteristics, and assessment decisions can affect what a homeowner pays.

In Alma, property taxes directly influence monthly housing costs and long-term affordability. When a home is assessed higher than it should be, the tax bill can rise quickly, making it important for homeowners to understand how their bill is calculated and whether it reflects the true value of their property.

Property Tax Bills Across Alma, Lafayette County, Missouri

Source: Ownwell

$206

$1,073

$1,940

Median Alma Tax Bill

$582

Median Lafayette County Tax Bill

$688

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Alma, Lafayette County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64001	$167	$318	$582	$1,200	$1,966

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	July 13

Links
Lafayette Tax Assessor
Website	lafayette.integritygis.com

Frequently Asked Property Tax Questions in Alma, Missouri

How are property taxes calculated in Alma, Missouri?

Property taxes in Alma, Missouri are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Alma, Missouri?

To appeal your property taxes in Alma, Missouri, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Alma, Missouri?

Common property tax exemptions in Alma, Missouri include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Alma, Missouri?

Property tax deadlines in Alma, Missouri vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Alma, Missouri?

Ownwell provides professional property tax appeal services in Alma, Missouri. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.