Saint Joseph, Missouri Property Taxes
The median property tax rate in Saint Joseph, MO is 0.90%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Saint Joseph at $8,700, the typical annual property tax bill is $91, significantly less than the national median of $2,690. Property taxes in Saint Joseph are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. Understanding Saint Joseph's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Joseph or another part of the city, comprehending 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 the 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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Joseph is 0.90%, slightly lower 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 in Missouri and the national median. For comparison, the 64501 zip code has the highest median property tax rate of 2.85%, while the 64506 zip code has the lowest median tax rate of 0.85%. Understanding how these areas compare with Saint Joseph provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Joseph Tax Rate
0.90%
Average Morgan County Tax Rate
0.87%
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 | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| 64503 | N/A | N/A | N/A | N/A | N/A |
| 64504 | 0.86% | 0.87% | 0.89% | 0.92% | 0.93% |
| 64506 | 0.85% | 0.85% | 0.85% | 0.86% | 0.86% |
| 64507 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
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 the local 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 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. 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. For instance, the highest median tax bill in the area is $1,814 in zip code 64507, while the lowest is $896 in zip code 64504.
Average Saint Joseph Assessed Value
$8,700
Average Morgan County Assessed Value
$49,350
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 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 |
| 64503 | N/A | N/A | N/A | N/A | N/A |
| 64504 | $27,830 | $56,675 | $104,750 | $152,825 | $181,670 |
| 64506 | $132,620 | $155,600 | $193,900 | $345,000 | $435,660 |
| 64507 | $201,500 | $201,500 | $201,500 | $201,500 | $201,500 |
Source: Ownwell
Property Tax Bills Across Saint Joseph, Missouri
In Saint Joseph, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the assessed value, including the size, location, and condition of the property. For homeowners in Saint Joseph, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $58, while the 75th percentile tax bill reaches $1,682, and the 90th percentile tax bill is $1,814. The highest median tax bill in the area is $1,814 in the 64507 zip code, whereas the lowest median tax bill is $896 in the 64504 zip code. These property tax rates directly impact homeowners by influencing their annual expenses and potentially affecting the overall affordability of owning a home in the region. Compared to the national median property tax rate of 0.99%, Saint Joseph's tax bills reflect the local economic conditions and property values.
Average Saint Joseph Tax Bill
$91
Average Morgan County Tax Bill
$420
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 | $37 | $37 | $37 | $37 | $37 |
| 64503 | N/A | N/A | N/A | N/A | N/A |
| 64504 | $244 | $488 | $896 | $1,304 | $1,548 |
| 64506 | $1,141 | $1,332 | $1,652 | $2,939 | $3,712 |
| 64507 | $1,814 | $1,814 | $1,814 | $1,814 | $1,814 |
Source: Ownwell