Montreal, Missouri Property Taxes
The median property tax rate in Montreal, MO is 0.81%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Montreal, the typical annual property tax bill amounts to $455, significantly below the national median of $2,690. Property taxes in Montreal are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Montreal'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 Montreal 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
Montreal, 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 Montreal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montreal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montreal 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 Montreal, Missouri
Property taxes in Montreal, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Montreal is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Montreal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montreal 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 Montreal's effective property tax rate to other areas and the national median. For comparison, the zip code 65591 has both the highest and lowest median property tax rate of 0.81%, identical to Montreal's rate. Understanding how these areas compare with Montreal 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 Montreal Tax Rate
0.81%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montreal, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65591 | 0.81% | 0.81% | 0.81% | 0.84% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Montreal, Missouri
In Montreal, 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 Montreal, 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 Montreal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $455.00, observed in the zip code 65591.
Average Montreal Assessed Value
$54,842
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 Montreal, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65591 | $5,526 | $15,290 | $54,842 | $102,658 | $160,168 |
Source: Ownwell
Property Tax Bills Across Montreal, Missouri
In Montreal, property tax bills are calculated based on the assessed value of a home, which is determined by local authorities. The assessed value is then multiplied by the property tax rate to determine the annual tax bill. For homeowners in Camden County, the median home price is $54,842. Property tax bills can vary significantly, with the 25th percentile tax bill being $128 and the 75th percentile tax bill reaching $870. At the 90th percentile, homeowners might see a tax bill as high as $1,309. These variations are influenced by factors such as property location, home size, and any exemptions or deductions for which the homeowner may qualify. For context, the national median property tax rate is 0.99%, highlighting how local rates and home values can impact the overall tax burden. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan accordingly.
Average Montreal Tax Bill
$455
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Montreal, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65591 | $46 | $128 | $455 | $870 | $1,309 |
Source: Ownwell