Jonesburg, Missouri Property Taxes
The median property tax rate in Jonesburg, MO is 1.04%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $98,630, the typical annual property tax bill in Jonesburg is $992, which is below the national median of $2,690. Property taxes in Jonesburg are calculated based on the assessed value, which often falls below the market value due to exemptions like 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, 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 Jonesburg Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jonesburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jonesburg to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can find neighborhood-level trends by scrolling down. Your property’s assessed value is determined by the county for tax calculations, including any applicable exemptions.
Property Tax Rates Across Jonesburg, Missouri
Property taxes in Jonesburg, Missouri, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Jonesburg is 1.04%, which is 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 Warren County and the national median. For comparison, the zip code 63351 has both the highest and lowest median property tax rate of 1.04%. Understanding how these cities compare with Jonesburg provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesburg Tax Rate
1.04%
Average Warren County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63351 | 0.90% | 0.99% | 1.04% | 1.08% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Jonesburg, 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 Warren 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 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. Notably, the zip code with the highest median tax bill is 63351, with a value of $992, which is significantly lower than the national median property tax rate of 0.99%.
Average Jonesburg Assessed Value
$98,630
Average Warren County Assessed Value
$120,064
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63351 | $28,807 | $52,550 | $98,630 | $183,255 | $262,961 |
Source: Ownwell
Property Tax Bills Across Jonesburg, Missouri
Property tax bills in Jonesburg, located in Warren County, MO, are determined by a combination of the assessed property value and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Factors such as property size, location, and improvements can influence the market value, thereby affecting the assessed value and ultimately the tax bill. In Jonesburg, the median home price is $98,630, which serves as a benchmark for calculating property taxes. For example, homeowners in the 25th percentile can expect a tax bill around $555, while those in the 75th percentile may see bills closer to $1,901. At the 90th percentile, tax bills can reach up to $2,768. Comparatively, the national median property tax rate is 0.99%, placing Jonesburg's rates within a competitive range. These property taxes fund essential local services, impacting homeowners by contributing to the quality of schools, infrastructure, and public safety.
Average Jonesburg Tax Bill
$992
Average Warren County Tax Bill
$1,370
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63351 | $275 | $555 | $992 | $1,901 | $2,768 |
Source: Ownwell