Odessa, Lafayette County, Missouri Property Taxes

Name: Property Tax Bills Across Odessa, Lafayette County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Odessa, MO effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Odessa, MO home value: $78,227
Median annual Odessa, MO tax bill: $952, $1,448 lower than the national median property tax bill of $2,400.

How are property taxes in Lafayette County calculated?

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

Last Updated March 1, 2025

Odessa, Lafayette County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$1,009

$936

Ownwell’s Odessa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Odessa with just two data points. By entering your property's estimated assessed value, our calculator applies Odessa’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lafayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Odessa, Lafayette County, Missouri

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and legislative measures to establish tax rates and budgets, this is the core of the annual procedure. In the city of Odessa, located in Lafayette County, Missouri, the effective property tax rate offers an interesting comparison to other cities in the state. Missouri's median property tax rate is 1.29%, which is higher than the national median of 1.02%. This places Missouri's property tax rate above the national average, reflecting the state's approach to funding local services through property taxes. Comparing these rates provides valuable insights into how property taxes in Odessa align with broader state and national trends, helping property owners understand their tax obligations more clearly.

Property Tax Rates Across Odessa, Lafayette County, Missouri

Source: Ownwell

0.77%

1.06%

1.35%

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 Odessa Tax Rate

1.29%

Median Effective Lafayette County Tax Rate

1.10%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Odessa, Lafayette County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64076	0.81%	1.14%	1.29%	1.42%	1.42%

Source: Ownwell

Property Tax Assessment Values Across Odessa, Lafayette County, Missouri

When examining property taxes in Odessa, 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 Lafayette County appraisal district 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 Lafayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Odessa. For example, the median home price in Odessa is $78,227, with tax bills ranging significantly across the county. Zip code 64076 has the highest median home price at $78,227.

Property Tax Assessment Values Across Odessa, Lafayette County, Missouri

Source: Ownwell

$23,200

$83,375

$143,550

Median Odessa Market Value

$78,227

Median Lafayette County Market Value

$57,532

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Odessa, Lafayette County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64076	$27,851	$47,359	$78,227	$137,162	$214,979

Source: Ownwell

Property Tax Bills Across Odessa, Lafayette County, Missouri

Property tax bills in Odessa, located in Lafayette County, Missouri, are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. In Odessa, the median property tax bill is $952, significantly lower than the national median of $2,400. This suggests that homeowners in Odessa benefit from relatively modest property tax obligations. However, the tax bill can vary, with the 25th percentile at $561 and the 75th percentile reaching $1,713, indicating a range of tax burdens depending on property values and other factors. Homeowners in Odessa can find relief and potential savings with Ownwell's property tax appeal services. By leveraging local expertise, Ownwell helps ensure that property assessments are fair and accurate, potentially reducing tax bills. This service is especially valuable in a market where property values can fluctuate, offering homeowners peace of mind and financial savings.

Property Tax Bills Across Odessa, Lafayette County, Missouri

Source: Ownwell

$197

$804

$1,410

Median Odessa Tax Bill

$952

Median Lafayette County Tax Bill

$641

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Odessa, Lafayette County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64076	$281	$561	$952	$1,713	$2,632

Source: Ownwell