Cole Camp, Missouri Property Taxes
The median property tax rate in Cole Camp, MO is 1.04%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Cole Camp at $74,210, the typical annual property tax bill reaches $769, which is below the national median of $2,690. Property taxes in Cole Camp are calculated based on the tax assessed value, typically lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cole Camp'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 Cole Camp 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
Cole Camp, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$772
Ownwell’s Cole Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cole Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cole Camp 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 Cole Camp, Missouri
Property taxes in Cole Camp, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cole Camp is 0.95%, which is lower than both the Missouri state median of 1.01% and the U.S. national median of 0.99%. Local government entities within Cole Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cole Camp 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 Cole Camp's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65325 zip code has the highest median property tax rate of 0.95%, while the same zip code also represents the lowest median tax rate of 0.95%. Understanding how these cities compare with Cole Camp provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cole Camp Tax Rate
1.04%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cole Camp, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65325 | 0.94% | 1.02% | 1.04% | 1.07% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Cole Camp, Missouri
In Cole Camp, 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 Pettis 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 Cole Camp, 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 Cole Camp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cole Camp is $74,210, with tax bills ranging from $636 at the 25th percentile to $1,511 at the 90th percentile. The zip code with the highest and lowest median tax bill is 65325, with a value of $769.
Average Cole Camp Assessed Value
$74,210
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cole Camp, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65325 | $57,942 | $67,230 | $74,210 | $100,890 | $143,400 |
Source: Ownwell
Property Tax Bills Across Cole Camp, Missouri
In Cole Camp, located in Pettis County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Cole Camp is $74,210. Property tax rates are applied to this assessed value to determine the final tax bill. Factors such as the property's location, size, and improvements can influence the assessed value, thereby affecting the tax amount. Homeowners in Cole Camp can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $636, while the 75th percentile reaches approximately $1,106, and the 90th percentile can go up to $1,511. The highest median tax bill recorded in the area is $769, which is notably lower than the national median property tax rate of 0.99%. These tax bills are crucial for homeowners as they directly impact the affordability and financial planning associated with owning property in the region.
Average Cole Camp Tax Bill
$769
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cole Camp, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65325 | $519 | $636 | $769 | $1,106 | $1,511 |
Source: Ownwell