Laredo, Sullivan County, Missouri Property Taxes

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

Median Laredo, MO effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Laredo, MO home value: $157,320
Median annual Laredo, MO tax bill: $656, $1,744 lower than the national median property tax bill of $2,400.

How are property taxes in Sullivan calculated?

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

Last Updated March 1, 2025

Laredo, Sullivan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$661

$613

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

Property Tax Rates Across Laredo, Sullivan County, Missouri

Local government entities determine property tax rates, which can differ significantly within a state. This is because each county, including 29211, calculates its budget needs annually to provide essential services. The budget is then divided by the total value of all taxable properties in the area, resulting in the property tax rate. While votes and legal frameworks play a role in setting these rates and budgets, this is the process in a nutshell.

In Laredo, located in 29211, the effective property tax rate is 0.42%. This rate is notably lower than both the Missouri state median and the national median, which stands at 1.02%. This makes Laredo an attractive location for property owners seeking lower tax liabilities. The median property tax bill in this area is also significantly lower than the national median of $2,400. Comparing Laredo’s rates to other cities in Missouri and the broader U.S. context highlights its competitive tax environment. Property owners in Laredo benefit from these favorable rates, making it a compelling choice for those considering property investments in Missouri.

Property Tax Rates Across Laredo, Sullivan County, Missouri

Source: Ownwell

0.35%

0.48%

0.61%

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 Laredo Tax Rate

0.42%

Median Effective Sullivan County Tax Rate

0.37%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laredo, Sullivan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64652	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Laredo, Sullivan County, Missouri

When examining property taxes in Laredo, 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 Sullivan 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. Assessment notices: In Sullivan 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 Laredo. For example, the median home price in Laredo is $157,320, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Laredo, Sullivan County, Missouri

Source: Ownwell

$9,310

$59,380

$109,450

Median Laredo Market Value

$157,320

Median Sullivan County Market Value

$82,754

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laredo, Sullivan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64652	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Laredo, Sullivan County, Missouri

Property tax bills in Laredo, Sullivan County, MO, are calculated 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 determine the annual tax bill. For homeowners in Laredo, the median property tax bill is $656, significantly lower than the national median of $2,400. This discrepancy is due to the area's relatively low median home price of $157,320, which affects the assessed value and, consequently, the tax bill.

Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence the assessed value, impacting the homeowner's tax bill. Despite the lower tax bills, homeowners may still be overpaying if their property is inaccurately assessed. This is where Ownwell can assist. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners ensure their property is assessed fairly. This can lead to potential savings, providing peace of mind and financial relief to Laredo residents.

Property Tax Bills Across Laredo, Sullivan County, Missouri

Source: Ownwell

$35

$221

$406

Median Laredo Tax Bill

$656

Median Sullivan County Tax Bill

$330

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Laredo, Sullivan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64652	N/A	N/A	N/A	N/A	N/A

Source: Ownwell