Jacksonville Beach, Missouri Property Taxes
The median property tax rate in Jacksonville Beach, MO is 1.41%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Jacksonville Beach, the typical annual property tax bill reaches $102, which is significantly lower than the national median of $2,690. Property taxes in Jacksonville Beach 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 Beach'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 Beach 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 Beach, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$102
Ownwell’s Jacksonville Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksonville Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksonville Beach 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 Beach, Missouri
Property taxes in Jacksonville Beach, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonville Beach is 1.41%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Jacksonville Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonville Beach 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 Beach's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate within the region is 1.41%, while the lowest median tax rate is 0.99%. Understanding how these cities compare with Jacksonville Beach 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 Beach Tax Rate
1.41%
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 Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Jacksonville Beach, Missouri
In Jacksonville Beach, 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 Jacksonville Beach, 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 Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are 29141 with $102 and 29141 with $102, respectively.
Property Tax Assessment Values Across Jacksonville Beach, Missouri
Source: Ownwell
$1,100
$177,225
$353,350
Average Jacksonville Beach Assessed Value
$7,200
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 Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Jacksonville Beach, Missouri
In Jacksonville Beach, located in Morgan County, MO, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. In Jacksonville Beach, the median home price is $7,200, and property tax bills vary accordingly. For example, homeowners at the 25th, 75th, and 90th percentiles all have tax bills around $102. This consistency suggests a relatively stable assessment process within the region. Compared to the national median property tax rate of 0.99%, Jacksonville Beach's property tax rate can significantly impact homeowners, particularly those on a fixed income. Understanding how these factors come together helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Jacksonville Beach Tax Bill
$102
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksonville Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell