Jefferson City, Missouri Property Taxes
The median property tax rate in Jefferson City, MO is 1.25%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $60,870 in Jefferson City, the typical annual property tax bill amounts to $760, significantly lower than the national median of $2,690. Property taxes in Jefferson City are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Jefferson City's property tax system and exploring available exemptions, homeowners and real estate investors can potentially achieve significant annual savings. Whether you reside in Jefferson City or another part of Callaway County, gaining insights into the local property tax system is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Jefferson City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$761
Ownwell’s Jefferson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson City 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 Jefferson City, Missouri
Property taxes in Jefferson City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson City is 1.25%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jefferson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson City 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 Jefferson City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65101 zip code has the highest median property tax rate of 1.25%, while the 65101 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Jefferson City provides valuable insights into the varying tax landscape across Callaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson City Tax Rate
1.25%
Average Callaway County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | 1.14% | 1.17% | 1.25% | 1.26% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson City, Missouri
In Jefferson City, 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 Callaway 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 Jefferson City, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Jefferson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Jefferson City is $760, with the highest and lowest median tax bills both reported in the 65101 zip code.
Property Tax Assessment Values Across Jefferson City, Missouri
Source: Ownwell
$41,010
$124,115
$207,220
Average Jefferson City Assessed Value
$60,870
Average Callaway County Assessed Value
$118,130
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $35,130 | $46,255 | $60,870 | $171,055 | $413,530 |
Source: Ownwell
Property Tax Bills Across Jefferson City, Missouri
In Jefferson City, located in Callaway County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Jefferson City is $60,870. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Jefferson City experience a range of property tax bills. For example, the 25th percentile tax bill is $559, while the 75th percentile reaches $1,753. At the higher end, the 90th percentile tax bill can be as much as $4,905. The highest and lowest median tax bills in the city are both $760, specifically in the zip code 65101. Compared to the national median property tax rate of 0.99%, Jefferson City's rates provide a localized perspective on how property taxes can vary significantly, impacting homeowners' financial planning and budgeting.
Average Jefferson City Tax Bill
$760
Average Callaway County Tax Bill
$1,342
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $451 | $559 | $760 | $1,753 | $4,905 |
Source: Ownwell