Jamesport, Missouri Property Taxes
The median property tax rate in Jamesport, MO is 1.06%, which is slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Jamesport at $93,005, the typical annual property tax bill amounts to $1,167, which is below the national median of $2,690. Property taxes in Jamesport are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Jamesport'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 Jamesport or another part of Livingston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jamesport, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$986
Ownwell’s JAMESPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JAMESPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JAMESPORT 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 Jamesport, Missouri
Property taxes in Jamesport, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamesport is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Jamesport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamesport 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 Jamesport's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64648 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Jamesport provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamesport Tax Rate
1.06%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamesport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | 0.79% | 0.89% | 1.06% | 1.17% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Jamesport, Missouri
In Jamesport, 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 Livingston 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 Jamesport, 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. The median home price in Jamesport is $93,005, with tax bills ranging from $610 at the 25th percentile to $2,571 at the 90th percentile. The highest and lowest median tax bills both stand at $1,167 in the 64648 zip code. 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 Jamesport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamesport Assessed Value
$93,005
Average Livingston County Assessed Value
$65,985
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamesport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | $7,872 | $43,722 | $93,005 | $189,468 | $294,323 |
Source: Ownwell
Property Tax Bills Across Jamesport, Missouri
In Jamesport, located in Livingston County, MO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $93,005, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $610, while those in the 75th percentile could see bills as high as $1,950. At the 90th percentile, tax bills can reach up to $2,571. Various factors influence these amounts, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the rates in Jamesport reflect localized economic conditions and municipal budget needs. For homeowners, these tax bills represent a significant annual expense, impacting overall affordability and financial planning. Understanding these dynamics is crucial for effective property management and long-term investment decisions.
Average Jamesport Tax Bill
$1,167
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamesport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | $200 | $610 | $1,167 | $1,950 | $2,571 |
Source: Ownwell