Cross Timbers, Missouri Property Taxes
The median property tax rate in Cross Timbers, MO is 0.71%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Cross Timbers being $45,684, the typical annual property tax bill amounts to $325, significantly below the national median of $2,690. Property taxes in Cross Timbers are determined based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cross Timbers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Cross Timbers 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
Cross Timbers, 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 Cross Timbers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cross Timbers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cross Timbers 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 Cross Timbers, Missouri
Property taxes in Cross Timbers, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Timbers is 0.71%, which is lower than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Cross Timbers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Timbers 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 Cross Timbers' effective property tax rate to other counties in Missouri and the national median. For comparison, the 65634 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Cross Timbers 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 Cross Timbers Tax Rate
0.71%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Timbers, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65634 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Cross Timbers, Missouri
In Cross Timbers, 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 Cross Timbers, 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. For example, the highest median tax bill in the area is $325, found in the 65634 zip code. 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 Cross Timbers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cross Timbers Assessed Value
$45,684
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 Cross Timbers, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65634 | $12,958 | $23,632 | $45,684 | $59,526 | $116,084 |
Source: Ownwell
Property Tax Bills Across Cross Timbers, Missouri
In Cross Timbers, Camden County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cross Timbers is $45,684. Tax bills can vary significantly, with the 25th percentile at $168 and the 75th percentile at $423. At the higher end, the 90th percentile tax bill reaches $825. These variations depend on factors such as property location, size, and any applicable exemptions. The assessed value is then multiplied by the local tax rate to determine the final tax bill. For homeowners in Cross Timbers, understanding these factors is crucial as property taxes can impact annual budgeting and long-term financial planning. Compared to the national median property tax rate of 0.99%, Cross Timbers residents may find their property tax bills relatively manageable, but it's essential to stay informed about any changes in local tax rates or assessed property values.
Average Cross Timbers Tax Bill
$325
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Timbers, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65634 | $92 | $168 | $325 | $423 | $825 |
Source: Ownwell