Jane, Missouri Property Taxes
The median property tax rate in Jane, MO is 0.81%, notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $67,635 in Jane, the typical annual property tax bill amounts to $541, which is significantly below the national median of $2,690. Property taxes in Jane are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jane'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 Jane or another part of McDonald County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jane, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$548
Ownwell’s JANE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JANE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JANE 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 Jane, Missouri
Property taxes in Jane, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jane is 0.81%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jane 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 Jane's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64856 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Jane provides valuable insights into the varying tax landscape across McDonald County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jane Tax Rate
0.81%
Average Mcdonald County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jane, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64856 | 0.75% | 0.81% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Jane, Missouri
In JANE, 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 McDonald 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 JANE, 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 JANE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64856 has the highest and lowest median tax bill, both at $541.
Average Jane Assessed Value
$67,635
Average Mcdonald County Assessed Value
$63,020
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jane, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64856 | $24,980 | $38,650 | $67,635 | $100,548 | $151,271 |
Source: Ownwell
Property Tax Bills Across Jane, Missouri
In the city of Jane, located in McDonald County, MO, property tax bills are calculated based on the assessed value of a property. This value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio to derive the assessed value. The property tax rate in Jane is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, its market value, and the specific tax rates set by local taxing authorities. For instance, in Jane, the tax bills can vary significantly, with the 25th percentile at $313 and the 75th percentile reaching $833. The highest median tax bill in the area is $541, which is relatively modest compared to the national median property tax rate of 0.99%. For homeowners, these property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, making them a crucial aspect of community development and quality of life.
Average Jane Tax Bill
$541
Average Mcdonald County Tax Bill
$473
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jane, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64856 | $197 | $313 | $541 | $833 | $1,166 |
Source: Ownwell