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Sales Tax:
City sales taxes are 1.5% on taxable items.
1.0% - General Sales
0.5% - Street Capital Improvement
Property Taxes:
Real Property
0.9182% of assessed value for residential and commercial properties
Assessed value is 32% of the appraised value for commercial,
19% for residential and 12% for agricultural property.
Example:
A residence appraised at $100,000 x 19% = $19,000
assessed value x (0.9182%) tax rate = $174.46 City Real Tax
A complete tax bill would also include taxes from these additional
entities:
| Lincoln R-II School |
3.25% |
Lincoln Fire District |
0.2500% |
| Benton County |
0.145% |
Co. Road District |
0.2047% |
| Library |
0.1399% |
Lincoln Comm. Nursing |
0.1962% |
| Junior College |
0.4055% |
Co. Health Department |
0.3864% |
| M&M Surtax |
0.35% |
State of Missouri |
0.03% |
Personal Property Tax
33.3% of the trade value of motor vehicles, boats, trailers,
business machinery and inventory, etc.
0.9182% Tax Rate
Example:
Vehicle with a $20,000 trade-in value x 33.3% = $6,660 x (0.9182%)
= $61.15 tax due
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