Camdenton, Missouri Property Taxes
The median property tax rate in Camdenton, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $26,700 in Camdenton, the typical annual property tax bill is around $174, which is substantially less than 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 those for primary residences and agricultural properties. Understanding Camdenton'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 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
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Camdenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camdenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camdenton 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 Camdenton, Missouri
Property taxes in Camdenton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camdenton is 0.94%, which is lower than 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 65020 zip code has the highest median property tax rate of 0.94%, while the lowest median tax rate is also 0.94% in the same zip code. 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
0.94%
Average Laclede County Tax Rate
1.10%
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 | 0.71% | 0.80% | 0.94% | 0.96% | 0.97% |
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 the local 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 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 median home price in Camdenton is $26,700. The 25th percentile tax bill is $155, while the 75th percentile tax bill is $392. The highest and lowest median tax bills are both $174, found in the 65020 zip code.
Average Camdenton Assessed Value
$26,700
Average Laclede County Assessed Value
$72,400
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 | $16,780 | $20,500 | $26,700 | $44,650 | $55,420 |
Source: Ownwell
Property Tax Bills Across Camdenton, Missouri
In Camdenton, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. Homeowners in Camdenton can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $155 and the 75th percentile reaching up to $392. At the 90th percentile, tax bills can go as high as $523. Several factors influence these tax bills, including the property's location, size, and improvements. The local tax rate, which is applied to the assessed value, is another crucial factor. Compared to the national median property tax rate of 0.99%, Camdenton's tax rates can be more favorable for homeowners. For instance, the highest median tax bill in the area is $174, making it relatively affordable. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Camdenton Tax Bill
$174
Average Laclede County Tax Bill
$742
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 | $143 | $155 | $174 | $392 | $523 |
Source: Ownwell