Carl Junction, Missouri Property Taxes
The median property tax rate in Carl Junction, MO is 1.12%, slightly higher than the national median of 0.99% but below Missouri's state median of 1.20%. With a median home value of $112,525, the typical annual property tax bill in Carl Junction amounts to $1,222, which is lower than the national median of $2,690. Property taxes in Carl Junction are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding the property tax system in Carl Junction, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carl Junction or another part of Jasper County, being well-informed about the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Carl Junction, 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 Carl Junction Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carl Junction with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carl Junction 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 Carl Junction, Missouri
Property taxes in Carl Junction, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carl Junction is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Carl Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carl Junction 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 Carl Junction's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64834 has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Carl Junction provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carl Junction Tax Rate
1.12%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carl Junction, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64834 | 0.96% | 1.09% | 1.12% | 1.21% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Carl Junction, Missouri
In Carl Junction, 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 Jasper 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 Carl Junction, 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 Carl Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,222 in the 64834 zip code.
Average Carl Junction Assessed Value
$112,525
Average Jasper County Assessed Value
$82,940
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carl Junction, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64834 | $42,452 | $67,700 | $112,525 | $169,662 | $240,190 |
Source: Ownwell
Property Tax Bills Across Carl Junction, Missouri
In Carl Junction, Jasper County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements or renovations can influence the assessed value. Homeowners in Carl Junction see a range of property tax bills. For instance, the 25th percentile tax bill is around $728, while the 75th percentile reaches $1,895. At the higher end, the 90th percentile tax bill can soar to $2,769. Compared to the national median property tax rate of 0.99%, the property tax rates in Carl Junction can vary significantly, impacting homeowners differently based on their property's assessed value. This variation underscores the importance of understanding how local assessments and tax rates can affect overall property tax obligations.
Average Carl Junction Tax Bill
$1,222
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Carl Junction, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64834 | $449 | $728 | $1,222 | $1,895 | $2,769 |
Source: Ownwell