Silex, Lincoln County, Missouri Property Taxes

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

Median Silex, MO effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Silex, MO home value: $126,695
Median annual Silex, MO tax bill: $1,294, $1,106 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

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

Last Updated March 1, 2025

Silex, Lincoln County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,267

$1,176

Ownwell’s Silex Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Silex with just two data points. By entering your property's estimated assessed value, our calculator applies Silex’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 Lincoln County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Silex, Lincoln County, Missouri

Local government entities set tax rates, which can vary widely within a state. 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.

In Silex, located in Lincoln County, MO, the effective property tax rate stands at 1.00%. This rate is on par with Missouri's median property tax rate, making it competitive within the state. Compared to the national median property tax rate of 1.02%, Silex's rate is slightly lower, which may appeal to property owners seeking a more favorable tax environment.

Whether you're a current resident or considering a move to Silex, understanding the local property tax dynamics can help you make informed decisions. By comparing Silex's effective property tax rate to other cities in Missouri and the median rates in the U.S., you gain valuable insights into the local tax landscape and potential savings.

Property Tax Rates Across Silex, Lincoln County, Missouri

Source: Ownwell

0.94%

1.06%

1.18%

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 Silex Tax Rate

1.00%

Median Effective Lincoln County Tax Rate

1.17%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Silex, Lincoln County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63377	0.89%	0.96%	1.00%	1.08%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Silex, Lincoln County, Missouri

When examining property taxes in Silex, 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 Lincoln 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.

In Lincoln 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 Silex. For example, the median home price in Silex is $126,695, with tax bills ranging significantly across the county. Zip code 63377 has the highest median home price at $126,695.

Property Tax Assessment Values Across Silex, Lincoln County, Missouri

Source: Ownwell

$21,050

$97,970

$174,890

Median Silex Market Value

$126,695

Median Lincoln County Market Value

$149,220

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Silex, Lincoln County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63377	$17,754	$55,390	$126,695	$211,208	$282,431

Source: Ownwell

Property Tax Bills Across Silex, Lincoln County, Missouri

In Silex, located in Lincoln County, MO, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Silex is approximately $126,695, and the property tax rate is applied to this assessed value to calculate the tax bill. The 25th percentile tax bill is $559, while the 75th percentile is $2,091, showing a range based on property values and assessments. The 90th percentile tax bill reaches $2,819, indicating higher assessments for certain properties. The median tax bill in the area is $1,294, falling below the national median property tax bill of $2,400. This suggests that homeowners in Silex benefit from relatively lower property taxes compared to the national average. However, inaccuracies in property assessments can lead to higher tax bills. Ownwell assists homeowners by reviewing assessments and identifying potential savings. By appealing inaccurate assessments, Ownwell helps ensure homeowners pay only their fair share, potentially reducing their property tax bills and providing peace of mind.

Property Tax Bills Across Silex, Lincoln County, Missouri

Source: Ownwell

$236

$1,173

$2,109

Median Silex Tax Bill

$1,294

Median Lincoln County Tax Bill

$1,734

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Silex, Lincoln County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63377	$179	$559	$1,294	$2,091	$2,819

Source: Ownwell