Macks Creek, Missouri Property Taxes
The median property tax rate in Macks Creek, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value in Macks Creek of $33,737, the typical annual property tax bill is $322, which is well below the national median of $2,690. Property taxes in Macks Creek 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 Macks Creek'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 Macks 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
Macks 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 Macks Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macks Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macks 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 Macks Creek, Missouri
Property taxes in Macks Creek, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macks Creek is 0.97%, which is slightly lower than both the Missouri state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Macks Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macks 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 Macks Creek's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65786 zip code has the highest median property tax rate of 0.97%, while the 65786 zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Macks 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 Macks Creek Tax Rate
0.97%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macks Creek, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65786 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Macks Creek, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Macks Creek, Missouri. 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 Macks 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. For instance, the median home price in Macks Creek is $33,737, with tax bills ranging from $60 at the 25th percentile to $1,210 at the 90th percentile. The zip code 65786 has the highest and lowest median tax bill at $322. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Macks Creek Assessed Value
$33,737
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 Macks Creek, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65786 | $1,842 | $6,421 | $33,737 | $74,987 | $126,953 |
Source: Ownwell
Property Tax Bills Across Macks Creek, Missouri
In Macks Creek, Camden County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this percentage, or assessment ratio, varies by property type. For homeowners, the tax bill is influenced by the local tax rate, which is applied to the assessed value. For example, with a median home price of $33,737, property tax bills in Macks Creek can range significantly. The 25th percentile tax bill is around $60, while the 75th percentile tax bill reaches up to $726, and the 90th percentile can be as high as $1,210. These figures illustrate the variability in tax bills, which can be influenced by factors such as property improvements and changes in market conditions. Compared to the national median property tax rate of 0.99%, homeowners in Macks Creek experience relatively low property tax bills, which can be beneficial in terms of affordability and cost of living.
Average Macks Creek Tax Bill
$322
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Macks Creek, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65786 | $17 | $60 | $322 | $726 | $1,210 |
Source: Ownwell