Jamestown, Missouri Property Taxes
The median property tax rate in Jamestown, MO is 1.11%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $79,250 in Jamestown, the typical annual property tax bill reaches $1,042, which is below the national median of $2,690. Property taxes in Jamestown are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jamestown'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 Jamestown 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
Jamestown, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Jamestown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jamestown to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan and budget. For those interested in more detailed information, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Jamestown, Missouri
Property taxes in Jamestown, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other areas in Moniteau County and the national median. For comparison, the zip code 65046 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these figures compare with Jamestown provides valuable insights into the varying tax landscape across Moniteau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.11%
Average Moniteau County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65046 | 0.97% | 1.07% | 1.11% | 1.28% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Missouri
In Jamestown, 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 Moniteau 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 Jamestown, 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 here is $79,250, with the 25th percentile tax bill at $527 and the 75th percentile at $1,697. The highest and lowest median tax bill is $1,042 in the 65046 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamestown Assessed Value
$79,250
Average Moniteau County Assessed Value
$88,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65046 | $21,500 | $42,725 | $79,250 | $129,975 | $181,250 |
Source: Ownwell
Property Tax Bills Across Jamestown, Missouri
In Jamestown, located in Moniteau County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate. The median home price in Jamestown is $79,250, and the property tax rate is influenced by various local factors, including school districts, public services, and infrastructure needs. Homeowners in Jamestown can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is approximately $527, while at the 75th percentile, it rises to $1,697. For those at the 90th percentile, the tax bill can be as high as $3,195. The highest and lowest median tax bills in the area are both $1,042, reflecting a consistent tax rate within the same zip code. These property taxes are crucial for funding local services but can also represent a substantial financial burden for homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding how these taxes are calculated can help homeowners better manage their financial planning.
Average Jamestown Tax Bill
$1,042
Average Moniteau County Tax Bill
$1,018
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65046 | $244 | $527 | $1,042 | $1,697 | $3,195 |
Source: Ownwell