Lone Jack, Missouri Property Taxes
The median property tax rate in Lone Jack, MO is 1.13%, slightly higher than the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Lone Jack, the typical annual property tax bill reaches $557, which is significantly lower than the national median of $2,690. Property taxes in Lone Jack 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 Lone Jack'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 Lone Jack or another part of Johnson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lone Jack, 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 Lone Jack Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lone Jack with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lone Jack 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 Lone Jack, Missouri
Property taxes in Lone Jack, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lone Jack is 1.13%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Lone Jack set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lone Jack 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 Lone Jack's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64070 has the highest median property tax rate of 1.13%, while the lowest median tax rate is also 1.13% in the same zip code. Understanding how these figures compare with Lone Jack provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lone Jack Tax Rate
1.13%
Average Johnson County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lone Jack, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64070 | 0.99% | 1.10% | 1.13% | 1.16% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Lone Jack, Missouri
In Lone Jack, 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 Johnson 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 Lone Jack, 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 Lone Jack helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lone Jack are both $557, found in zip code 64070.
Average Lone Jack Assessed Value
$56,356
Average Johnson County Assessed Value
$74,883
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lone Jack, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64070 | $13,085 | $29,951 | $56,356 | $97,540 | $128,632 |
Source: Ownwell
Property Tax Bills Across Lone Jack, Missouri
In Lone Jack, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $56,356, homeowners in Lone Jack can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $350, while at the 75th percentile, it rises to $1,092. For those at the 90th percentile, the tax bill can reach $1,464. These figures highlight the variability in property tax burdens, influenced by factors such as the home's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, Lone Jack's property tax rates can result in relatively moderate tax bills, offering some financial relief to homeowners in the area.
Average Lone Jack Tax Bill
$557
Average Johnson County Tax Bill
$947
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Lone Jack, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64070 | $170 | $350 | $557 | $1,092 | $1,464 |
Source: Ownwell