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Yahoo
23-05-2025
- Business
- Yahoo
Jasper County property owners receiving 2025 Value Change Notices: What you need to know
JASPER COUNTY, Mo. — Jasper County property owners can expect their 2025 Real Property Value Change Notices in the mail soon. Those notices reflect updated market values as of January 1, 2025, based on two years of real estate data and rising property values across the state. The Missouri State Tax Commission found Jasper County's assessment ratio below the legal range at 68.61%. Missouri law says county assessments must fall within 90% to 110% market value. The county must increase property values by 13% to 15% to comply with state mandates or risk losing state funding and facing legal consequences. Jasper County officials reiterate: this is not a tax bill. The notice only shows your property's estimated market value. Tax rates are set by local taxing entities like schools and municipalities, not the assessor. Residents should review their notice carefully and note their rights to appeal. Officials said if a resident believes their property is overvalued or misclassified, they can request an informal review with the assessor's office: Informal Appeals (May 23 – June 23) Residential Appeals call (417)-237-1094 Commercial Appeals call (417)237-1093 Monday through Friday 8:30 a.m.– 4:30 p.m. Walk-In Appeal Sessions Location: 302 S. Main St. Room 201 Carthage, MO Hours: Monday – Friday 8:30 a.m. to 4:30 p.m. Formal Appeal to the Board of Equalization (BOE) Deadline to file is July 11, 2025, and you must file with the Jasper County Clerk's Office. Last year, the Jasper County Commission approved a Senior Tax Credit program for county residents 62 and older. Approved applicants will have their tax amount frozen beginning with their November 2025 tax bill, shown as a credit. Apply by May 31, 2025 through the Jasper County Collector's Office at 417-358-0411. MORE INFOR: Senior Real Property Tax Credit in Jasper County (Part 1) The county adds, property assessments will continue annually, but your tax amount will be frozen based on the year you are approved. This freeze will be reflected on your tax bill starting November 2025 as a credit. Jasper County seniors must act fast to claim tax credit For more information, residents should contact the Jasper County Assessor's Office. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Forbes
20-04-2025
- Business
- Forbes
How Retirees Can Combat The Impact of Inflation And Tariffs
Regarding expenses, retirees are particularly vulnerable to the impacts of higher costs. With fixed or limited income, the threats and implementation of tariffs plus the effect of years of relatively high inflation rates has taken their toll. If you're already feeling stretched at the checkout aisle, the problems are likely to get worse and here's what you need to do to prepare. When you put your money in a high-yield savings account, you may get a reasonable interest rate, but it often lags behind inflation. This is fine for short-term funds, as you still want the liquidity, but for those assets you need in the next few years, it's often better to put them into assets that are less impacted by inflation. Treasury Inflation-Protected Securities, or TIPS, are a great asset that is designed for this purpose. The principal of a TIPS can go up or down during the term, and it does so in response to inflation. If, at maturity, the principal is higher than the original amount, then you get the higher number. If it's lower or equal, you get the original amount. It's designed to be protection against inflation. Alternatively, you can invest in similar assets that pay dividends or hold commodities. These all potentially go up in value during a period of higher inflation. The uncertainty of tariffs, especially when they are threatened one week and withdrawn the next, means it may make sense to delay major purchases until the uncertainty passes. If you can avoid purchasing items that have high tariffs, you may find that you'll pay far less once the tariff standoff ends. Buying used has long been a fantastic strategy to save money and one benefit of buying used is that it's not impacted by tariffs. You can take advantage of marketplaces like Facebook Marketplace and eBay to find gently used goods from reputable sellers. Oftentimes, you can even find new products, which are sometimes sourced from local clearance aisles. If you're a senior, take advantage of the discounts you can get from various stores and restaurants. If you're going to be spending your money there, let them take care of you with a little discount. While anyone at any age can join AARP, seniors may be able to maximize its benefits. There may also be tax breaks available to you because of your age. These are designed to help fixed-income retirees during a time when everyday costs have gone up so much. For example, in Maryland, you can get a Senior Tax Credit on your property taxes if you meet certain household income criteria. If you live in a state that is a little less friendly towards seniors, such as those who tax at higher rates, consider moving to a tax-friendly state to lower your costs. Consider a state that doesn't have an income tax or one that doesn't tax retirement income, such as Florida. While I would never suggest you let taxes lead the way in any moving decision, if you were considering moving, then I'd take taxes into consideration.
