At what age do you stop paying property taxes in Missouri?

65 years of age or older, or. a person 18-64 who receives SSI, SSD, or Veterans Disability, or. 60 and older and receiving Surviving Spouse benefits from SSA.

Introduction

Real estate taxes are an important source of revenue for Jackson County. The county assessor sets the assessed value of all real estate within the county, which is then used to calculate the tax rate. This article will provide an overview of how real estate taxes are calculated in Jackson County and answer some frequently asked questions.

Calculating Real Estate Taxes

Real estate taxes in Jackson County are based on the assessed value of the property. The assessed value is determined by the county assessor and is typically based on the market value of the property. The tax rate is then applied to the assessed value to determine the amount of taxes due.

Assessed Value

The assessed value of a property is determined by the county assessor and is typically based on the market value of the property. The assessor takes into account factors such as location, size, and condition of the property when determining the assessed value.

Tax Rate

The tax rate is set by the county and is based on the budget needs of the county. The tax rate is applied to the assessed value to determine the amount of taxes due.

Frequently Asked Questions

How often are real estate taxes due?

Real estate taxes are due annually in Jackson County.

What happens if I don’t pay my real estate taxes?

If you do not pay your real estate taxes, you may be subject to penalties and interest charges. You may also be subject to foreclosure proceedings if your taxes remain unpaid for an extended period of time.

Can I appeal my assessed value?

Yes, you can appeal your assessed value if you believe it is incorrect. You must submit a written appeal to the county assessor’s office within 30 days of receiving your tax bill.

Are there any exemptions available?

Yes, there are several exemptions available for real estate taxes in Jackson County. These include homestead exemptions, senior citizen exemptions, and disabled veteran exemptions.

Conclusion

Real estate taxes are an important source of revenue for Jackson County. The assessed value of a property is determined by the county assessor and the tax rate is applied to the assessed value to determine the amount of taxes due. There are several exemptions available for real estate taxes in Jackson County and you can appeal your assessed value if you believe it is incorrect.