Jefferson City, Missouri Property Taxes
The median property tax rate in Jefferson City, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Jefferson City, the typical annual property tax bill reaches $106, significantly below the national median of $2,690. Property taxes in Jefferson City 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 Jefferson City'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 Jefferson City 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
Jefferson City, 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 Jefferson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson City 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 Jefferson City, Missouri
Property taxes in Jefferson City, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson City is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Jefferson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson City 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 Jefferson City's effective property tax rate to other counties in Missouri and the national median. For comparison, Jefferson City has the highest median property tax rate of 0.90% in the 65101 zip code, while the lowest median tax rate is also 0.90% in the same zip code. Understanding how these values compare with Jefferson City provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson City Tax Rate
0.90%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | 0.81% | 0.84% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson City, Missouri
In Jefferson City, 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 Osage 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 Jefferson City, 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 Jefferson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $106 in the 65101 zip code, which is also the lowest, making it crucial for residents to stay informed and proactive in managing their property taxes.
Average Jefferson City Assessed Value
$12,528
Average Osage County Assessed Value
$30,816
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $9,263 | $10,580 | $12,528 | $19,060 | $25,180 |
Source: Ownwell
Property Tax Bills Across Jefferson City, Missouri
In Jefferson City, located in Osage 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 a percentage of the property's market value. The local tax rate, which is applied to this assessed value, determines the final tax bill. For instance, with a median home price of $12,528, homeowners can expect a range of tax bills depending on their specific property value and applicable exemptions. The tax bill can vary significantly, with the 25th percentile at $95 and the 75th percentile at $185, indicating a broad range of property values and tax obligations within the city. The 90th percentile tax bill reaches up to $216, reflecting higher-valued properties. Compared to the national median property tax rate of 0.99%, Jefferson City's tax rates are relatively modest. These property taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the quality of life and community resources available to homeowners.
Average Jefferson City Tax Bill
$106
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $83 | $95 | $106 | $185 | $216 |
Source: Ownwell