Cameron, Missouri Property Taxes
The median property tax rate in Cameron, MO is 1.12%, which is higher than the national median of 0.99% but slightly lower than Missouri's state median of 1.20%. With a median home value of $127,050 in Cameron, the typical annual property tax bill is $1,369, well below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Cameron'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 Cameron 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
Cameron, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,423
Ownwell’s Cameron Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Cameron. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Cameron to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more detailed information, neighborhood-level trends are available for further exploration. Your property’s assessed value, determined by Caldwell County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Cameron, Missouri
Property taxes in Cameron, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 1.12%, which is significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64429 has the highest median property tax rate of 1.12%, while the lowest median tax rate is also 1.12% in the same zip code. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
1.12%
Average Caldwell County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | 0.84% | 1.03% | 1.12% | 1.16% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Missouri
In Cameron, 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 Caldwell 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cameron both stand at $1,369, specifically in the zip code 64429.
Average Cameron Assessed Value
$127,050
Average Caldwell County Assessed Value
$73,285
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | $45,157 | $76,755 | $127,050 | $204,485 | $281,042 |
Source: Ownwell
Property Tax Bills Across Cameron, Missouri
In Cameron, located in Caldwell County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cameron is $127,050. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors, such as property size, location, and improvements, play a role in determining the assessed value. The resulting tax bill can vary significantly among homeowners. For example, the 25th percentile tax bill is $772, while the 75th percentile tax bill is $2,240, and at the 90th percentile, it reaches $3,044. This range indicates how property taxes can impact homeowners differently, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Cameron's property tax rates offer a diverse financial landscape for homeowners, influencing their overall cost of living and financial planning.
Average Cameron Tax Bill
$1,369
Average Caldwell County Tax Bill
$850
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | $443 | $772 | $1,369 | $2,240 | $3,044 |
Source: Ownwell