Saint Joseph, Missouri Property Taxes
The median property tax rate in Saint Joseph, MO is 1.14%, which is higher than the national median of 0.99% but slightly lower than the Missouri state median of 1.20%. With the median home value in Saint Joseph at $171,735, the typical annual property tax bill reaches $2,017, falling below the national median of $2,690. Property taxes in Saint Joseph are calculated based on the tax-assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Saint Joseph's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Joseph or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Joseph, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,958
Ownwell’s Saint Joseph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Joseph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Joseph to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Joseph, Missouri
Property taxes in Saint Joseph, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Joseph is 1.14%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Saint Joseph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Joseph estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Saint Joseph's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64506 zip code has the highest median property tax rate of 1.22%, while the 64507 zip code has the lowest median tax rate of 1.08%. Understanding how these areas compare with Saint Joseph provides valuable insights into the varying tax landscape across Andrew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Joseph Tax Rate
1.14%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Joseph, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64505 | 1.08% | 1.14% | 1.14% | 1.23% | 1.23% |
| 64506 | 1.19% | 1.22% | 1.22% | 1.22% | 1.22% |
| 64507 | 0.99% | 1.03% | 1.08% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Saint Joseph, Missouri
In Saint Joseph, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Andrew County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Saint Joseph, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in the area is $171,735, with tax bills ranging from $1,253 at the 25th percentile to $3,711 at the 90th percentile. The highest median tax bill, $3,653, is found in zip code 64506, while the lowest, $1,747, is in zip code 64507. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Joseph Assessed Value
$171,735
Average Andrew County Assessed Value
$108,235
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Joseph, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64505 | $54,780 | $105,985 | $170,520 | $233,190 | $303,498 |
| 64506 | $48,272 | $240,360 | $300,360 | $426,845 | $520,480 |
| 64507 | $89,259 | $114,738 | $162,985 | $198,225 | $220,409 |
Source: Ownwell
Property Tax Bills Across Saint Joseph, Missouri
In Saint Joseph, located in Andrew County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this value, and the local tax rate is then applied to it. Homeowners in Saint Joseph experience a range of tax bills depending on their property's value and location. For instance, the median home price in the area is $171,735, with tax bills varying significantly. The 25th percentile tax bill stands at $1,253, while the 75th percentile reaches $2,877, and the 90th percentile climbs to $3,711. Notably, the highest median tax bill in the region is found in zip code 64506, amounting to $3,653, whereas the lowest median tax bill is in zip code 64507, at $1,747. These variations highlight how property taxes can impact homeowners differently, influencing their overall financial planning and housing affordability.
Average Saint Joseph Tax Bill
$2,017
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Joseph, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64505 | $627 | $1,253 | $2,011 | $2,845 | $3,645 |
| 64506 | $556 | $2,923 | $3,653 | $5,191 | $6,330 |
| 64507 | $948 | $1,350 | $1,747 | $2,074 | $2,293 |
Source: Ownwell