Osage Beach, Missouri Property Taxes
The median property tax rate in Osage Beach, MO is 0.79%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Osage Beach at $114,316, the typical annual property tax bill is $923, falling below the national median of $2,690. Property taxes in Osage Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Osage Beach'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 Osage Beach 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
Osage Beach, 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 Osage Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osage Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osage Beach 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 Osage Beach, Missouri
Property taxes in Osage Beach, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osage Beach is 0.79%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Osage Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osage Beach 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 Osage Beach's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65065 zip code has the highest median property tax rate of 0.79%, while the 65065 zip code has the lowest median tax rate of 0.79%. Understanding how these cities compare with Osage Beach 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 Osage Beach Tax Rate
0.79%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osage Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65065 | 0.79% | 0.79% | 0.79% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Osage Beach, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Osage Beach, 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 for tax purposes by local authorities. 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 Osage Beach, 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. For instance, the median home price in Osage Beach is $114,316, with tax bills ranging from $430 at the 25th percentile to $2,219 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 65065, at $923. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Osage Beach Assessed Value
$114,316
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 Osage Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65065 | $6,737 | $53,368 | $114,316 | $188,474 | $280,126 |
Source: Ownwell
Property Tax Bills Across Osage Beach, Missouri
In Osage Beach, located in Camden County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $114,316, homeowners can expect varying tax bills depending on several factors including property size, location, and improvements. The tax bill in Osage Beach ranges widely, with the 25th percentile at $430 and the 75th percentile at $1,511, reflecting differences in property values and tax rates. The highest median tax bill in the area is $923, found in the 65065 zip code. This variability means that while some homeowners may find their taxes manageable, others could face a significant financial burden. Understanding these factors is crucial for homeowners to anticipate their annual expenses and plan their finances accordingly. Comparing this to the national median property tax rate of 0.99%, Osage Beach homeowners may find their rates relatively moderate.
Average Osage Beach Tax Bill
$923
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Osage Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65065 | $53 | $430 | $923 | $1,511 | $2,219 |
Source: Ownwell