Pacific, Jefferson County, Missouri Property Taxes
The median property tax rate in Pacific, Missouri is 1.29%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pacific at $174,550, the typical annual property tax bill reaches $2,333, slightly below the national median of $2,690. Property taxes in Pacific are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pacific'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 Pacific 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
Pacific, Jefferson County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,252
$2,090
Ownwell’s PACIFIC Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PACIFIC with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PACIFIC 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 Pacific, Jefferson County, Missouri
Property taxes in Pacific, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pacific is 1.29%, which is higher than the U.S. national median of 0.99%. Local government entities within Pacific set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pacific 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 Pacific's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63069 zip code has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Pacific provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pacific Tax Rate
1.29%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pacific, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63069 | 1.23% | 1.29% | 1.29% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Pacific, Jefferson County, Missouri
In PACIFIC, 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 Jefferson County Assessor's Office 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 PACIFIC, 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 PACIFIC 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 $2,333 in the 63069 zip code, while the lowest median tax bill is also $2,333 in the same zip code.
Property Tax Assessment Values Across Pacific, Jefferson County, Missouri
Source: Ownwell
$92,850
$198,900
$304,950
Average Pacific Assessed Value
$174,550
Average Jefferson County Assessed Value
$133,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pacific, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63069 | $61,200 | $115,750 | $174,550 | $233,475 | $307,460 |
Source: Ownwell
Property Tax Bills Across Pacific, Jefferson County, Missouri
In Pacific, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the home's market value. For instance, if the median home price in Pacific is $174,550, the assessed value would be a fraction of this amount. Once the assessed value is established, the local tax rate is applied. This rate can vary but is generally in line with the services and infrastructure needs of the community. In Pacific, the median property tax rate is comparable to the national median of 0.99%. Homeowners in Pacific can expect annual tax bills to range widely, with the 25th percentile at $1,540 and the 75th percentile at $3,195. The highest median tax bill recorded in the area is $2,333 in the 63069 zip code. These tax bills directly impact homeowners by contributing to local services such as schools, public safety, and road maintenance, thereby enhancing community living standards.
Average Pacific Tax Bill
$2,333
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pacific, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63069 | $755 | $1,540 | $2,333 | $3,195 | $4,256 |
Source: Ownwell