Jacksonville, Missouri Property Taxes
The median property tax rate in Jacksonville, MO, is 0.91%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $156,219 in Jacksonville, the typical annual property tax bill amounts to $1,340, well below the national median of $2,690. Property taxes in Jacksonville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Jacksonville'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 Jacksonville 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
Jacksonville, 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 Jacksonville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jacksonville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jacksonville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Jacksonville, Missouri
Property taxes in Jacksonville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonville is 0.91%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jacksonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonville 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 Jacksonville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65260 zip code has the highest median property tax rate of 0.91%, while the same 65260 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Jacksonville provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacksonville Tax Rate
0.91%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacksonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65260 | 0.78% | 0.86% | 0.91% | 0.97% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Jacksonville, Missouri
In Jacksonville, 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 Macon 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 Jacksonville, 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 Jacksonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1,340 in the 65260 zip code, while the lowest median tax bill is also $1,340 in the same zip code.
Average Jacksonville Assessed Value
$156,219
Average Macon County Assessed Value
$49,737
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacksonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65260 | $54,096 | $81,927 | $156,219 | $197,501 | $222,257 |
Source: Ownwell
Property Tax Bills Across Jacksonville, Missouri
In Jacksonville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. The tax rate, also known as the mill rate, is then applied to the assessed value to determine the annual tax bill. Several factors influence this calculation, including property size, location, and any improvements made to the home. For homeowners in Jacksonville, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is approximately $796, while at the 75th percentile, it rises to around $1794. The 90th percentile sees tax bills reaching up to $2154. These figures illustrate the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Jacksonville's rates reflect the local economic conditions and funding needs of public services. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Jacksonville Tax Bill
$1,340
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65260 | $479 | $796 | $1,340 | $1,794 | $2,154 |
Source: Ownwell