Jones, Missouri Property Taxes
The median property tax rate in Jones, MO is 1.15%, slightly above the national median of 0.99% but below Missouri's state median of 1.20%. With the median home value in Jones at $21,400, the typical annual property tax bill is $245, which is significantly lower than the national median of $2,690. Property taxes in Jones are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Jones'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 Jones 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
Jones, 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 JONES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JONES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JONES 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 Jones, Missouri
Property taxes in Jones, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jones is 0.98%, slightly lower than the Missouri state median of 1.01% and the U.S. national median of 0.99%. Local government entities within Jones set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jones 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 Jones's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64633 zip code has the highest median property tax rate of 1.15%, while the 64633 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Jones provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jones Tax Rate
1.15%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jones, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73049 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Jones, Missouri
In Jones, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Newton 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 Jones, 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 Jones helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 73049 at $245, while the lowest is also 73049 at $245.
Average Jones Assessed Value
$21,400
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jones, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73049 | $21,400 | $21,400 | $21,400 | $21,400 | $21,400 |
Source: Ownwell
Property Tax Bills Across Jones, Missouri
In JONES, located in Newton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in JONES is $21,400. Homeowners are taxed at a rate that reflects the local tax rate set by the county, which is applied to the assessed value of the property. This means that for a home with the median market value, the tax bill typically falls around $245, which is consistent across various percentiles. Several factors influence the final tax bill, including the property's market value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the tax rate in JONES results in relatively lower tax bills, providing some financial relief to homeowners. This lower tax burden can make homeownership more affordable and appealing in this region.
Average Jones Tax Bill
$245
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jones, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73049 | $245 | $245 | $245 | $245 | $245 |
Source: Ownwell