Saint James, Missouri Property Taxes
The median property tax rate in Saint James, MO is 0.84%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $84,500 in Saint James, the typical annual property tax bill is around $662, significantly below the national median of $2,690. Property taxes in Saint James are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Saint James' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're located in the heart of Saint James or another part of the city, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Saint James, 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 Saint James Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint James with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint James 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 Saint James, Missouri
Property taxes in Saint James, Missouri, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Saint James is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint James set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint James 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 Saint James's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65559 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Saint James provides valuable insights into the varying tax landscape across Maries County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint James Tax Rate
0.84%
Average Maries County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint James, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65559 | 0.71% | 0.79% | 0.84% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Saint James, Missouri
In Saint James, 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 local 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 Saint James, 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 Saint James helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65559, with a median tax bill of $662. This is significantly lower than the national median property tax rate of 0.99%.
Average Saint James Assessed Value
$84,500
Average Maries County Assessed Value
$66,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint James, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65559 | $12,220 | $49,000 | $84,500 | $128,900 | $208,480 |
Source: Ownwell
Property Tax Bills Across Saint James, Missouri
In Saint James, Missouri, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and any improvements made can influence the assessed value. For homeowners in Saint James, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $369, while the 75th percentile tax bill reaches $997. Those in the 90th percentile can expect to pay approximately $1731. The median tax bill in the highest and lowest zip code, 65559, stands at $662, which is below the national median property tax rate of 0.99%. This variability in tax bills affects homeowners differently, impacting their annual financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Saint James Tax Bill
$662
Average Maries County Tax Bill
$586
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint James, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65559 | $116 | $369 | $662 | $997 | $1,731 |
Source: Ownwell