Saint James, Missouri Property Taxes
The median property tax rate in Saint James, MO is 0.81%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Saint James at $38,890, the typical annual property tax bill is $328, significantly below the national median of $2,690. Property taxes in Saint James are based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Saint James' 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 James 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 James, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$315
Ownwell’s Saint James Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Saint James with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint James to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Saint James, Missouri
Property taxes in Saint James, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint James is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint James set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint James 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 James's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65559 has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with Saint James provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint James Tax Rate
0.81%
Average Gasconade County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint James, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65559 | 0.74% | 0.77% | 0.81% | 0.85% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Saint James, Missouri
In Saint James, 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 Gasconade 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 James, 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. The median home price in Saint James is $38,890. Homeowners in the 25th percentile of tax bills pay around $253, while those in the 75th percentile pay approximately $403. The highest and lowest median tax bills are both $328, found in the 65559 zip code. Being aware of these valuation processes in Saint James helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint James Assessed Value
$38,890
Average Gasconade County Assessed Value
$40,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint James, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65559 | $27,410 | $31,715 | $38,890 | $46,065 | $50,370 |
Source: Ownwell
Property Tax Bills Across Saint James, Missouri
In Saint James, located in Gasconade County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property and then applies an assessment ratio. In Missouri, the assessment ratio for residential properties is typically 19% of the market value. For instance, a home with a market value of $38,890 would have an assessed value of approximately $7,389. The local tax rate, often expressed as a percentage, is then applied to this assessed value to determine the annual property tax bill. In Saint James, property tax bills vary significantly, with the 25th percentile tax bill at $253 and the 75th percentile at $403. This indicates a range of tax burdens depending on the property's assessed value and specific local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Saint James experience a relatively modest tax burden, impacting their overall homeownership costs.
Average Saint James Tax Bill
$328
Average Gasconade County Tax Bill
$439
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint James, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65559 | $208 | $253 | $328 | $403 | $448 |
Source: Ownwell