Jacksonville, Missouri Property Taxes
The median property tax rate in Jacksonville, MO is 1.05%, 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 $58,830 in Jacksonville, the typical annual property tax bill amounts to $570, which is 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 the 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, familiarizing yourself with 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 applies the median tax rate in Jacksonville 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 Jacksonville, Missouri
Property taxes in Jacksonville, Missouri, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonville is 1.05%, higher 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 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Jacksonville provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacksonville Tax Rate
1.05%
Average Randolph County Tax Rate
1.24%
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 | 0.75% | 0.95% | 1.05% | 1.14% | 1.26% |
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 Randolph County Assessor 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 in the area is $570 in the 65260 zip code, while the lowest median tax bill is also $570 in the same zip code.
Average Jacksonville Assessed Value
$58,830
Average Randolph County Assessed Value
$62,225
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 | $9,682 | $25,550 | $58,830 | $105,630 | $200,492 |
Source: Ownwell
Property Tax Bills Across Jacksonville, Missouri
In Jacksonville, located in Randolph County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $58,830, homeowners can expect varying tax bills depending on their property's assessed value. Factors such as property size, location, and improvements are considered in determining the assessed value. The tax bills in Jacksonville range significantly, with the 25th percentile paying around $281 annually and the 75th percentile paying approximately $1,034. At the 90th percentile, tax bills can reach as high as $1,946. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners and their communities. Compared to the national median property tax rate of 0.99%, Jacksonville offers a relatively affordable rate, making it an attractive option for homeowners seeking lower property tax burdens.
Average Jacksonville Tax Bill
$570
Average Randolph County Tax Bill
$705
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 | $97 | $281 | $570 | $1,034 | $1,946 |
Source: Ownwell