Climax Springs, Missouri Property Taxes
The median property tax rate in Climax Springs, MO is 0.66%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Climax Springs at $43,526, the typical annual property tax bill amounts to $302, far below the national median of $2,690. Property taxes in Climax Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Climax Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Climax Springs or another part of Camden County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Climax Springs, 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 Climax Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Climax Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Climax Springs to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Climax Springs, Missouri
Property taxes in Climax Springs, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Climax Springs is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Climax Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Climax Springs 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 Climax Springs' effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65324 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Climax Springs 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 Climax Springs Tax Rate
0.66%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Climax Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65324 | 0.66% | 0.66% | 0.66% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Climax Springs, Missouri
In Climax Springs, 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 Camden County Assessor 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 Climax Springs, 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 Climax Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $302 in zip code 65324, with the lowest being the same, reflecting the uniformity in tax assessments within the area.
Average Climax Springs Assessed Value
$43,526
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 Climax Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65324 | $2,684 | $7,132 | $43,526 | $113,079 | $182,105 |
Source: Ownwell
Property Tax Bills Across Climax Springs, Missouri
In Climax Springs, located in Camden County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Climax Springs is $43,526. The local tax rate is applied to this assessed value to calculate the annual tax bill. For example, homeowners in this area might see tax bills ranging from $50 at the 25th percentile to $1,217 at the 90th percentile. The highest median tax bill in the region is $302, which is consistent across zip code 65324. Several factors influence the tax bill, including changes in property values, local government budgets, and the specific tax rate set by Camden County. For homeowners, this means that their tax obligations can fluctuate based on these variables. Compared to the national median property tax rate of 0.99%, Climax Springs offers a relatively low tax burden, making it an attractive location for property owners seeking affordability.
Average Climax Springs Tax Bill
$302
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Climax Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65324 | $18 | $50 | $302 | $762 | $1,217 |
Source: Ownwell