Camdenton, Missouri Property Taxes
The median property tax rate in Camdenton, MO is 0.81%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Camdenton at $85,737, the typical annual property tax bill amounts to $665, significantly below the national median of $2,690. Property taxes in Camdenton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Camdenton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Camdenton 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
Camdenton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$694
Ownwell’s Camdenton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Camdenton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Camdenton to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more detailed trends and data at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by Camden County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Camdenton, Missouri
Property taxes in Camdenton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camdenton is 0.81%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Camdenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camdenton 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 Camdenton’s effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65020 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Camdenton provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camdenton Tax Rate
0.81%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camdenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65020 | 0.70% | 0.77% | 0.81% | 0.81% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Camdenton, Missouri
In Camdenton, 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 Camden County 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 Camdenton, 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 Camdenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Camden County are both $665.00, found in the 65020 zip code.
Average Camdenton Assessed Value
$85,737
Average Camden County Assessed Value
$77,579
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camdenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65020 | $3,526 | $14,684 | $85,737 | $150,842 | $230,737 |
Source: Ownwell
Property Tax Bills Across Camdenton, Missouri
Property tax bills in Camdenton, MO are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in Camdenton is $85,737. To determine the tax bill, local tax rates are applied to this assessed value. Various factors such as property size, location, and improvements can influence the assessed value, thereby affecting the final tax bill. In Camden County, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $114, while the 75th percentile tax bill is $1,206. At the 90th percentile, homeowners may pay as much as $1,846. The highest and lowest median tax bills in the area are both $665, as recorded in the 65020 zip code. Compared to the national median property tax rate of 0.99%, Camdenton's property tax rates can be considered relatively moderate. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Camdenton Tax Bill
$665
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Camdenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65020 | $28 | $114 | $665 | $1,206 | $1,846 |
Source: Ownwell