Jefferson City, Cole County, Missouri Property Taxes
The median property tax rate in Jefferson City, MO is 1.09%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Jefferson City at $134,000, the typical annual property tax bill reaches $1,440, which is below the national median of $2,690. Property taxes in Jefferson City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Jefferson City'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 Jefferson City 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
Jefferson City, Cole County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,461
$1,355
Ownwell’s Jefferson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson City 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 Jefferson City, Cole County, Missouri
Property taxes in Jefferson City, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson City is 1.09%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jefferson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson City 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 Jefferson City's effective property tax rate to other areas in Cole County and the national median. For comparison, the 65109 zip code has the highest median property tax rate of 1.14%, while the 65101 zip code has the lowest median tax rate of 1.08%. Understanding how these areas compare with Jefferson City provides valuable insights into the varying tax landscape across Cole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson City Tax Rate
1.09%
Average Cole County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson City, Cole County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | 0.94% | 1.03% | 1.08% | 1.08% | 1.10% |
| 65109 | 1.03% | 1.09% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson City, Cole County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jefferson City, Missouri. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market and is influenced by factors such as location, property condition, and economic trends. This value is estimated by the Cole 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 property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Jefferson City, 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 Jefferson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $1,508 in the 65109 zip code, while the lowest is $1,333 in the 65101 zip code.
Property Tax Assessment Values Across Jefferson City, Cole County, Missouri
Source: Ownwell
$121,900
$158,800
$195,700
Average Jefferson City Assessed Value
$134,000
Average Cole County Assessed Value
$135,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson City, Cole County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $54,400 | $85,125 | $127,400 | $185,800 | $273,900 |
| 65109 | $78,600 | $104,200 | $138,000 | $203,900 | $280,050 |
Source: Ownwell
Property Tax Bills Across Jefferson City, Cole County, Missouri
In Jefferson City, located in Cole County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The county assesses properties at a rate that reflects a fraction of the market value, and then applies the local property tax rate to this assessed value. For instance, with a median home price of $134,000, homeowners can expect varying tax bills depending on specific factors such as location and property characteristics. Tax bills can range significantly within Jefferson City. At the 25th percentile, tax bills are around $1,052, while at the 75th percentile, they rise to approximately $2,102. The 90th percentile sees tax bills reaching up to $2,945. The highest median tax bill in Jefferson City is found in the 65109 zip code, amounting to $1,508, whereas the lowest median tax bill, $1,333, is in the 65101 zip code. These variations highlight how local factors and assessed values influence the financial obligations of homeowners in the city.
Average Jefferson City Tax Bill
$1,440
Average Cole County Tax Bill
$1,444
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson City, Cole County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $584 | $913 | $1,333 | $1,908 | $2,773 |
| 65109 | $875 | $1,141 | $1,508 | $2,243 | $3,041 |
Source: Ownwell