Jonesburg, Montgomery County, Missouri Property Taxes
The median property tax rate in Jonesburg, MO is 1.17%, slightly higher than the national median of 0.99% but just below Missouri's state median of 1.20%. With a median home value of $56,400 in Jonesburg, the typical annual property tax bill is $655, which is significantly lower than the national median of $2,690. Property taxes in Jonesburg are calculated based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jonesburg'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 Jonesburg 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
Jonesburg, Montgomery County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$660
$612
Ownwell’s Jonesburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jonesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesburg 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 Jonesburg, Montgomery County, Missouri
Property taxes in Jonesburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesburg is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jonesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesburg 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 Jonesburg's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63351 has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Jonesburg provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesburg Tax Rate
1.17%
Average Montgomery County Tax Rate
1.11%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesburg, Montgomery County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63351 | 1.08% | 1.13% | 1.17% | 1.19% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Jonesburg, Montgomery County, Missouri
In Jonesburg, 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 Montgomery 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 Jonesburg, 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 Jonesburg 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 63351 at $655, which also happens to be the lowest median tax bill in the area.
Property Tax Assessment Values Across Jonesburg, Montgomery County, Missouri
Source: Ownwell
$17,450
$53,275
$89,100
Average Jonesburg Assessed Value
$56,400
Average Montgomery County Assessed Value
$47,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesburg, Montgomery County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63351 | $6,400 | $18,550 | $56,400 | $118,250 | $158,480 |
Source: Ownwell
Property Tax Bills Across Jonesburg, Montgomery County, Missouri
In Jonesburg, located in Montgomery 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 then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Jonesburg is $56,400, and homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as the property's location within specific school districts or special taxing districts can influence the final tax bill. For instance, tax bills in the 25th percentile are around $246, while those in the 75th percentile can reach $1,293. At the 90th percentile, tax bills can be as high as $1,772. The highest median tax bill in Jonesburg's zip code 63351 is $655. These property taxes support local services, including schools, public safety, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life.
Average Jonesburg Tax Bill
$655
Average Montgomery County Tax Bill
$560
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesburg, Montgomery County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63351 | $95 | $246 | $655 | $1,293 | $1,772 |
Source: Ownwell