Cole County Property Taxes
The median property tax rate in Cole County is 1.08%, which is 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 $135,700 in Cole County, the typical annual property tax bill amounts to $1,444, which is considerably below the national median of $2,690. Property taxes in Cole County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specifics of Cole County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Jefferson City or another part of Cole County, having a thorough understanding of local property taxes will greatly benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cole County 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 Cole County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cole County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cole County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cole County, Missouri
Property taxes in Cole County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cole County is 1.08%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cole County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cole County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cole County's effective property tax rate with other counties in Missouri and the national median. For comparison, Jefferson City has one of the higher property tax rates in Missouri at 1.09%, while the city of Henley boasts one of the lowest at 0.88%. Analyzing how Cole County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cole County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cole County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Centertown | 0.97% | 1.00% | 1.03% | 1.09% | 1.16% |
| Eugene | 0.84% | 0.87% | 0.88% | 0.88% | 0.92% |
| Henley | 0.80% | 0.85% | 0.88% | 0.88% | 0.92% |
| Jefferson City | 0.99% | 1.08% | 1.09% | 1.14% | 1.14% |
| Lohman | 1.00% | 1.03% | 1.08% | 1.14% | 1.14% |
| Meta | 0.92% | 0.96% | 0.98% | 0.99% | 0.99% |
| Russellville | 0.96% | 1.01% | 1.03% | 1.17% | 1.18% |
| Saint Thomas | 0.93% | 0.98% | 0.99% | 0.99% | 1.00% |
| Wardsville | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Cole County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Cole County, Missouri. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cole County Appraisal District. The assessed value, however, 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. Assessment notices in Cole County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Cole County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, the highest median tax bill in the county is found in Wardsville at $1,942, while Eugene has the lowest at $1,161. Understanding these figures can help you gauge where your property stands in comparison and explore ways to optimize your tax situation.
Average Cole County Assessed Value
$135,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cole County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Centertown | $46,220 | $89,800 | $132,600 | $196,500 | $267,060 |
| Eugene | $24,060 | $76,550 | $135,700 | $186,600 | $276,920 |
| Henley | $30,230 | $76,225 | $138,700 | $205,425 | $275,630 |
| Jefferson City | $68,700 | $96,900 | $134,000 | $196,500 | $277,900 |
| Lohman | $75,620 | $118,900 | $171,800 | $275,850 | $398,530 |
| Meta | $57,580 | $125,000 | $151,900 | $199,800 | $259,400 |
| Russellville | $42,020 | $80,800 | $121,900 | $171,400 | $246,920 |
| Saint Thomas | $67,880 | $102,600 | $150,300 | $206,350 | $253,190 |
| Wardsville | $118,300 | $156,200 | $195,700 | $245,750 | $301,620 |
Source: Ownwell
Property Tax Bills Across Cole County, Missouri
In Cole County, MO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, determined by the county assessor. Factors such as property size, location, and market conditions influence this valuation. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Cole County experience a range of tax bills. For instance, the 25th percentile tax bill is $1,041, while the 75th percentile tax bill reaches $2,098. The 90th percentile tax bill can go up to $2,936, reflecting the variation in property values and assessments within the county. Comparing this to the national median property tax rate of 0.99%, Cole County's tax bills align closely with national trends, although individual circumstances can vary significantly. This system ensures that property taxes are proportional to the value of the property, impacting homeowners' annual financial planning and overall housing costs.
Average Cole County Tax Bill
$1,444
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cole County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Centertown | $488 | $938 | $1,383 | $2,005 | $2,717 |
| Eugene | $206 | $646 | $1,161 | $1,616 | $2,409 |
| Henley | $248 | $626 | $1,166 | $1,712 | $2,318 |
| Jefferson City | $747 | $1,052 | $1,440 | $2,102 | $2,945 |
| Lohman | $782 | $1,260 | $1,834 | $2,930 | $4,385 |
| Meta | $573 | $1,241 | $1,411 | $1,918 | $2,549 |
| Russellville | $460 | $852 | $1,262 | $1,785 | $2,408 |
| Saint Thomas | $657 | $993 | $1,468 | $2,040 | $2,489 |
| Wardsville | $1,187 | $1,551 | $1,942 | $2,408 | $2,953 |
Source: Ownwell
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