Jamesport, Missouri Property Taxes
The median property tax rate in Jamesport, MO is 1.25%, higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Jamesport at $65,305, the typical annual property tax bill reaches $816, which is below the national median of $2,690. Property taxes in Jamesport are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Jamesport'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 Jamesport 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
Jamesport, 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 Jamesport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamesport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamesport 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 Jamesport, Missouri
Property taxes in Jamesport, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamesport is 1.25%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jamesport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamesport 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 Jamesport's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64648 zip code has the highest median property tax rate of 1.25%, while the 64648 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Jamesport provides valuable insights into the varying tax landscape across Daviess County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamesport Tax Rate
1.25%
Average Daviess County Tax Rate
1.28%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamesport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | 1.00% | 1.13% | 1.25% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Jamesport, Missouri
In Jamesport, 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 Daviess 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 Jamesport, 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. The median home price in Jamesport is $65,305. Tax bills can range significantly, with the 25th percentile at $486 and the 90th percentile reaching up to $2,728. 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 Jamesport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamesport Assessed Value
$65,305
Average Daviess County Assessed Value
$66,100
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamesport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | $21,508 | $35,900 | $65,305 | $138,388 | $221,892 |
Source: Ownwell
Property Tax Bills Across Jamesport, Missouri
In Jamesport, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Jamesport can expect their property tax bills to vary significantly, depending on the value of their homes. For example, the 25th percentile tax bill is $486, while the 75th percentile tax bill is $1,644. The highest median tax bill in the area is $816, which is also the lowest median tax bill, indicating uniformity in certain regions. Several factors influence the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Jamesport may find their tax obligations to be relatively manageable. These property taxes fund essential public services such as schools, roads, and emergency services, impacting the overall quality of life for residents. Understanding how these factors interplay can help homeowners better anticipate and manage their annual tax responsibilities.
Average Jamesport Tax Bill
$816
Average Daviess County Tax Bill
$845
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamesport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | $277 | $486 | $816 | $1,644 | $2,728 |
Source: Ownwell