Linn Creek, Missouri Property Taxes
The median property tax rate in Linn Creek, MO is 0.84%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $84,158 in Linn Creek, the typical annual property tax bill is approximately $710, significantly below the national median of $2,690. Property taxes in Linn Creek are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Linn Creek'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 Linn Creek 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
Linn Creek, 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 Linn Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linn Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linn Creek 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 Linn Creek, Missouri
Property taxes in Linn Creek, Missouri, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Linn Creek is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Linn Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linn Creek 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 Linn Creek's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65052 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Linn Creek 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 Linn Creek Tax Rate
0.84%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linn Creek, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65052 | 0.81% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Linn Creek, Missouri
In Linn Creek, 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 Linn Creek, 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 Linn Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Linn Creek is $710.00 in the 65052 zip code, which is also the lowest median tax bill.
Average Linn Creek Assessed Value
$84,158
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 Linn Creek, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65052 | $4,316 | $15,552 | $84,158 | $161,552 | $247,684 |
Source: Ownwell
Property Tax Bills Across Linn Creek, Missouri
Property tax bills in Linn Creek, located in Camden County, MO, are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately impacting the tax bill. For homeowners in Linn Creek, the median home price stands at $84,158. Property tax bills can vary significantly, with the 25th percentile at $127 and the 75th percentile reaching $1,359. At the 90th percentile, homeowners might see tax bills as high as $2,049. The highest and lowest median tax bills in the 65052 zip code both stand at $710, which is below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Linn Creek Tax Bill
$710
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Linn Creek, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65052 | $35 | $127 | $710 | $1,359 | $2,049 |
Source: Ownwell