Lees Summit, Morgan County, Missouri Property Taxes

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually calculates its required budget for services and divides it by the total assessed value of all taxable property in its area. This process determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the essential annual procedure.

In Lees Summit, located in Morgan County, Missouri, the effective property tax rate offers a unique perspective when compared to other cities in the state and the national averages. Missouri's median property tax rate is 0.85%, which is below the national median of 1.02%. Within Lees Summit, the median tax rate stands at 0.94%, positioning it slightly above the state median but still competitive compared to the national landscape. This comparison highlights how Lees Summit's property tax rates are strategically positioned to balance local budget needs while remaining attractive to property owners.

In Lees Summit, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in the area is $60,100. Homeowners typically see tax bills ranging from $64 at the 25th percentile to $1,234 at the 75th percentile, with those in the 90th percentile paying around $1,882. The median tax bill in Lees Summit is $601, which is significantly lower than the national median property tax bill of $2,400. This can be attributed to the relatively low property values and tax rates in the region.

Despite lower tax bills, homeowners in Lees Summit can still benefit from appealing their property taxes. Ownwell provides expert property tax appeal services, helping homeowners potentially reduce their tax bills by ensuring their property's assessed value is fair and accurate. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property tax appeals and exemptions, potentially leading to substantial savings.