Jamesport, Grundy County, Missouri Property Taxes
The median property tax rate in Jamesport, MO is 1.08%, 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 $98,360 in Jamesport, the typical annual property tax bill amounts to $1,075, which is below the national median of $2,690. Property taxes in Jamesport are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, including 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 Grundy County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jamesport, Grundy County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,062
$986
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, Grundy County, 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 0.91%, which is lower than both the Missouri state median of 0.97% 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 assessed 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, Grundy County has a median property tax rate of 0.91%, which is consistent with Jamesport. Understanding how these cities compare with Jamesport provides valuable insights into the varying tax landscape across Grundy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamesport Tax Rate
1.08%
Average Grundy County Tax Rate
1.42%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamesport, Grundy County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | 0.92% | 0.97% | 1.08% | 1.20% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Jamesport, Grundy County, 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 Grundy 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 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. 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. The zip code 64648 has the highest median tax bill of $1,075, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Jamesport, Grundy County, Missouri
Source: Ownwell
$26,720
$62,540
$98,360
Average Jamesport Assessed Value
$98,360
Average Grundy County Assessed Value
$44,895
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamesport, Grundy County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | $33,822 | $65,030 | $98,360 | $131,390 | $165,178 |
Source: Ownwell
Property Tax Bills Across Jamesport, Grundy County, Missouri
In Jamesport, 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 the area is $98,360. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can affect the assessed value and, consequently, the tax bill. For homeowners in Jamesport, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $715, while the 75th percentile tax bill reaches $1,404. Those at the 90th percentile face tax bills as high as $2,007. Comparatively, the national median property tax rate is 0.99%, highlighting that Jamesport’s property tax landscape can be quite varied. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Jamesport Tax Bill
$1,075
Average Grundy County Tax Bill
$610
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamesport, Grundy County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64648 | $343 | $715 | $1,075 | $1,404 | $2,007 |
Source: Ownwell