Jacksonville, Missouri Property Taxes
The median property tax rate in Jacksonville, MO is 3.20%, significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Jacksonville, the typical annual property tax bill reaches $35, which is well below the national median of $2,690. Property taxes in Jacksonville 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 Jacksonville'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 Jacksonville 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
Jacksonville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.2%
Estimate Property Tax Bill
$35
Ownwell’s Jacksonville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jacksonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksonville 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 Jacksonville, Missouri
Property taxes in Jacksonville, MO, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonville is 3.20%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jacksonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonville 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 Jacksonville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65260 zip code has the highest median property tax rate of 3.20%, while the same zip code also has the lowest median tax rate of 3.20%. Understanding how these cities compare with Jacksonville provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacksonville Tax Rate
3.20%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacksonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65260 | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% |
Source: Ownwell
Property Tax Assessment Values Across Jacksonville, Missouri
In Jacksonville, 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 Morgan 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 Jacksonville, 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 Jacksonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jacksonville Assessed Value
$1,100
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacksonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65260 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 |
Source: Ownwell
Property Tax Bills Across Jacksonville, Missouri
In Jacksonville, Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. For homeowners, several factors influence the final tax bill, including the property's location, size, and condition. Local tax rates, set by various taxing authorities such as schools and municipalities, are then applied to the assessed value to compute the tax bill. In Jacksonville, the median home price stands at $1,100, and property tax bills can vary significantly. For instance, the tax bill at the 25th, 75th, and 90th percentiles is consistently $35, which is notably lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable for residents, but it's essential for homeowners to stay informed about changes in assessed values and tax rates, which can impact their annual tax obligations.
Average Jacksonville Tax Bill
$35
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksonville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65260 | $35 | $35 | $35 | $35 | $35 |
Source: Ownwell