Camden Point, Missouri Property Taxes
The median property tax rate in Camden Point, MO is 1.36%, noticeably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Camden Point at $162,328, the typical annual property tax bill amounts to $2,135, falling below the national median of $2,690. Property taxes in Camden Point are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Camden Point'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 Camden Point or another part of Platte County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Camden Point, 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 Camden Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camden Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camden Point 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 Camden Point, Missouri
Property taxes in Camden Point, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden Point is 1.36%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Camden Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camden Point 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 Camden Point's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code with the highest median property tax rate in Camden Point is 64018, which also has the lowest median tax rate of 1.36%. Understanding how these figures compare with Camden Point provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Point Tax Rate
1.36%
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64018 | 1.16% | 1.23% | 1.36% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Camden Point, Missouri
In Camden Point, 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 Platte County 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 Camden Point, 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 Camden Point 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 Point are both $2135, found in the 64018 zip code.
Average Camden Point Assessed Value
$162,328
Average Platte County Assessed Value
$243,632
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64018 | $88,953 | $123,960 | $162,328 | $197,832 | $244,348 |
Source: Ownwell
Property Tax Bills Across Camden Point, Missouri
In Camden Point, located in Platte County, MO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Various factors influence this value, including the property's location, size, and condition. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Homeowners in Camden Point experience a range of property tax bills, with the 25th percentile at $1,554 and the 75th percentile reaching $2,617. The highest median tax bill recorded in the area is $2,135. These property tax bills are crucial for homeowners as they directly impact their annual financial planning. Compared to the national median property tax rate of 0.99%, Camden Point's property tax rates can significantly affect homeowners' budgets, especially when considering the median home price of $162,328.
Average Camden Point Tax Bill
$2,135
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden Point, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64018 | $1,061 | $1,554 | $2,135 | $2,617 | $3,239 |
Source: Ownwell