Saint Joseph, Missouri Property Taxes
The median property tax rate in Saint Joseph, MO is 1.25%, higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Saint Joseph, the typical annual property tax bill is $871, which is below the national median of $2,690. Property taxes in Saint Joseph are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Joseph'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 Saint Joseph 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
Saint Joseph, 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 Saint Joseph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Joseph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Joseph 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 Buchanan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Joseph, Missouri
Property taxes in Saint Joseph, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Joseph is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saint Joseph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Joseph 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 Joseph's effective property tax rate to other areas and the national median. For comparison, the 64507 zip code has the highest median property tax rate of 1.25%, while the 64506 zip code has the lowest median tax rate of 1.25%. Understanding how these areas compare with Saint Joseph provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Joseph Tax Rate
1.25%
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Joseph, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64501 | 1.24% | 1.25% | 1.25% | 1.26% | 1.26% |
| 64503 | 1.23% | 1.24% | 1.25% | 1.26% | 1.26% |
| 64504 | 1.20% | 1.24% | 1.25% | 1.26% | 1.27% |
| 64505 | 1.23% | 1.24% | 1.25% | 1.25% | 1.26% |
| 64506 | 1.22% | 1.23% | 1.25% | 1.25% | 1.26% |
| 64507 | 1.23% | 1.25% | 1.25% | 1.26% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Saint Joseph, Missouri
In Saint Joseph, 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 Buchanan County 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 Joseph, 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. For instance, the highest median tax bill in the area is $1,632 in the 64506 zip code, while the lowest is $583 in the 64501 zip code. Being aware of these valuation processes in Saint Joseph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Joseph Assessed Value
$70,115
Average Buchanan County Assessed Value
$72,855
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Joseph, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64501 | $18,691 | $29,558 | $46,650 | $67,610 | $88,563 |
| 64503 | $23,600 | $38,980 | $66,900 | $88,915 | $138,824 |
| 64504 | $23,580 | $32,920 | $48,230 | $79,600 | $137,764 |
| 64505 | $23,142 | $34,615 | $55,370 | $95,645 | $132,904 |
| 64506 | $75,760 | $99,168 | $131,265 | $182,072 | $242,700 |
| 64507 | $30,948 | $44,000 | $63,160 | $99,170 | $174,994 |
Source: Ownwell
Property Tax Bills Across Saint Joseph, Missouri
In Saint Joseph, located in Buchanan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the County Assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $70,115, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $517, while those in the 75th percentile may see bills up to $1,440. The highest median tax bill in the area is $1,632, found in zip code 64506, whereas the lowest median tax bill is $583 in zip code 64501. These tax bills are influenced by various factors, including property improvements, neighborhood changes, and local tax rates. Homeowners should be aware that their tax burden can impact their overall financial planning, especially when compared to the national median property tax rate of 0.99%. Staying informed about these factors can help homeowners manage their expenses more effectively.
Average Saint Joseph Tax Bill
$871
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Joseph, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64501 | $236 | $371 | $583 | $845 | $1,104 |
| 64503 | $298 | $489 | $832 | $1,105 | $1,720 |
| 64504 | $292 | $410 | $597 | $977 | $1,657 |
| 64505 | $290 | $432 | $689 | $1,191 | $1,635 |
| 64506 | $946 | $1,232 | $1,632 | $2,261 | $2,987 |
| 64507 | $386 | $550 | $786 | $1,207 | $2,152 |
Source: Ownwell