Saint James, Missouri Property Taxes
The median property tax rate in Saint James, MO is 0.79%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $99,670 in Saint James, the typical annual property tax bill comes to $862, significantly less than the national median of $2,690. Property taxes in Saint James are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Grasping Saint James's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial yearly savings. Whether you're in the heart of Saint James or another part of Phelps County, 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
0.79%
Estimate Property Tax Bill
$787
Ownwell’s Saint James Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner 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 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 Saint James, Missouri
Property taxes in Saint James, Missouri, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint James is 0.79%, 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 the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. 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
0.79%
Average Phelps County Tax Rate
0.98%
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% | 0.78% | 0.79% | 0.93% | 0.93% |
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 Phelps 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. For example, the median home price in Saint James is $99,670, with tax bills ranging from $536 at the 25th percentile to $1,711 at the 90th percentile. The highest and lowest median tax bills are both $862 in the 65559 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 Saint James helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint James Assessed Value
$99,670
Average Phelps County Assessed Value
$106,880
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 | $35,031 | $62,332 | $99,670 | $147,356 | $212,884 |
Source: Ownwell
Property Tax Bills Across Saint James, Missouri
In Saint James, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, the median home price in Saint James is $99,670. The tax bill is then derived by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. In Saint James, the 25th percentile tax bill is $536, while the 75th percentile reaches $1,233, and the 90th percentile can go up to $1,711. Understanding these factors is crucial for homeowners as they directly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Saint James homeowners may find their tax bills to be relatively moderate, allowing for better financial planning and stability.
Average Saint James Tax Bill
$862
Average Phelps County Tax Bill
$1,009
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 | $282 | $536 | $862 | $1,233 | $1,711 |
Source: Ownwell