Jefferson City, Missouri Property Taxes
The median property tax rate in Jefferson City, MO is 0.90%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value in Jefferson City of $93,500, the typical annual property tax bill comes to $825, significantly below the national median of $2,690. Property taxes in Jefferson City are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Jefferson City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jefferson City or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$842
Ownwell’s Jefferson City Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jefferson City to provide an accurate property tax estimate. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular data, you can explore trends on a neighborhood level by scrolling down for localized information. Your property’s assessed value is determined by the county for tax purposes and considers any applicable exemptions.
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 0.90%, which is lower than 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 0.90%, while the 65109 zip code has the lowest median tax rate of 0.90%. Understanding how these areas compare with Jefferson City provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson City Tax Rate
0.90%
Average Morgan County Tax Rate
0.87%
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 | 0.82% | 0.88% | 0.90% | 1.09% | 1.71% |
| 65109 | 0.82% | 0.85% | 0.90% | 1.00% | 1.65% |
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 Morgan 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 highest median tax bill is $956 in the 65101 zip code, while the lowest median tax bill is $811 in the 65109 zip code.
Average Jefferson City Assessed Value
$93,500
Average Morgan County Assessed Value
$49,350
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 | $1,230 | $4,125 | $101,650 | $151,550 | $165,970 |
| 65109 | $2,000 | $5,250 | $77,000 | $159,300 | $189,280 |
Source: Ownwell
Property Tax Bills Across Jefferson City, Missouri
In Jefferson City, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $93,500, the assessed value is determined using the state's assessment ratio. Various factors such as property improvements, neighborhood developments, and overall market trends influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Homeowners in Jefferson City experience a range of property tax bills. The 25th percentile tax bill is approximately $58, while the 75th percentile tax bill is around $1,332. For those in the 90th percentile, the tax bill can reach up to $1,587. The highest median tax bill in the area is $956 in the 65101 zip code, whereas the lowest is $811 in the 65109 zip code. These property taxes directly impact homeowners by influencing their annual expenses and potentially affecting property values over time.
Average Jefferson City Tax Bill
$825
Average Morgan County Tax Bill
$420
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 | $33 | $56 | $956 | $1,319 | $1,527 |
| 65109 | $34 | $62 | $811 | $1,377 | $1,649 |
Source: Ownwell