Jennings, Missouri Property Taxes
The median property tax rate in Jennings, MO is 2.01%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Jennings, the typical annual property tax bill reaches $922, which is below the national median of $2,690. Property taxes in Jennings are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jennings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Jennings 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
Jennings, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$921
Ownwell’s Jennings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jennings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jennings 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 Jennings, Missouri
Property taxes in Jennings, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jennings is 2.01%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jennings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jennings 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 Jennings' effective property tax rate to other counties in Missouri and the national median. For comparison, the 63136 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Jennings provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jennings Tax Rate
2.01%
Average St. Louis County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jennings, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63136 | 1.99% | 2.01% | 2.01% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Jennings, Missouri
In Jennings, 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 St. Louis 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 Jennings, 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 Jennings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63136 in Jennings has the highest and lowest median tax bill, both at $922, highlighting the uniformity in tax assessments within this area.
Average Jennings Assessed Value
$45,800
Average St. Louis County Assessed Value
$226,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jennings, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63136 | $32,640 | $34,300 | $45,800 | $50,000 | $54,040 |
Source: Ownwell
Property Tax Bills Across Jennings, Missouri
Property tax bills in Jennings, located in St. Louis County, MO, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Jennings, the median home price is $45,800. The tax bills can vary significantly, with the 25th percentile tax bill being $698, while the 75th percentile tax bill is $981. At the higher end, the 90th percentile tax bill reaches $1,083. These property taxes impact homeowners by contributing to the funding of local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Jennings homeowners experience a localized property tax rate that can be either more or less depending on individual property assessments and local levies. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Jennings Tax Bill
$922
Average St. Louis County Tax Bill
$3,143
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jennings, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63136 | $666 | $698 | $922 | $981 | $1,083 |
Source: Ownwell