Jasper, Missouri Property Taxes
The median property tax rate in Jasper, MO is 1.00%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Jasper at $76,601, the typical annual property tax bill is $756, which is significantly lower than the national median of $2,690. Property taxes in Jasper are determined based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Jasper's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve considerable annual savings. Whether you're in the heart of Jasper or another part of the city, gaining insight into the local property tax system will be beneficial.
Last Updated June 14, 2024
Jasper, 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 Jasper Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate their annual property taxes in Jasper using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Jasper to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, localized neighborhood trends are available further down the page. Your property’s assessed value, assigned by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Jasper, Missouri
Property taxes in Jasper, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jasper is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Jasper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jasper 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 Jasper's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64755 zip code in Barton County has the same median property tax rate of 1.00%. Understanding how these areas compare with Jasper provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jasper Tax Rate
1.00%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jasper, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64755 | 0.76% | 0.87% | 1.00% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Jasper, Missouri
In Jasper, 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 Barton County Appraisal District 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 Jasper, 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 Jasper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jasper are both $756.00, found in zip code 64755.
Average Jasper Assessed Value
$76,601
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jasper, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64755 | $32,873 | $49,954 | $76,601 | $133,838 | $192,745 |
Source: Ownwell
Property Tax Bills Across Jasper, Missouri
In Jasper, located in Barton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $76,601. To determine the tax bill, local tax rates are applied to the assessed value. Factors such as property type, exemptions, and local tax levies influence the final amount homeowners owe. For example, homeowners in Jasper can expect a tax bill ranging from $515 at the 25th percentile to $1,971 at the 90th percentile. The highest median tax bill recorded in the area is $756 in the 64755 zip code. Compared to the national median property tax rate of 0.99%, Jasper's property taxes can be considered moderate. These tax bills fund essential community services like schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Jasper Tax Bill
$756
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jasper, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64755 | $304 | $515 | $756 | $1,245 | $1,971 |
Source: Ownwell