Cameron, Clinton County, Missouri Property Taxes
The median property tax rate in Cameron, MO is 1.16%, which is higher than the national median of 0.99% but slightly below Missouri's state median of 1.20%. With a median home value of $130,195 in Cameron, the typical annual property tax bill amounts to $1,473, which is lower than the national median of $2,690. Property taxes in Cameron are based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Cameron's city center or its surrounding areas, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, Clinton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,510
$1,401
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, Clinton County, Missouri
Property taxes in Cameron, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 1.16%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64429 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
1.16%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | 1.03% | 1.10% | 1.16% | 1.34% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Clinton County, Missouri
In Cameron, 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 Clinton 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64429 in Clinton County has both the highest and lowest median tax bill, valued at $1,473. This is a significant figure to consider when planning your property tax strategy.
Property Tax Assessment Values Across Cameron, Clinton County, Missouri
Source: Ownwell
$130,195
$154,320
$178,445
Average Cameron Assessed Value
$130,195
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | $45,364 | $70,092 | $130,195 | $190,660 | $263,118 |
Source: Ownwell
Property Tax Bills Across Cameron, Clinton County, Missouri
In Cameron, located in Clinton County, MO, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Cameron is $130,195, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $850, while the 75th percentile tax bill reaches $2,248, and the 90th percentile tax bill can be as high as $3,066. Several factors influence these variations, including the home's location, size, and any applicable exemptions. Homeowners in Cameron should be aware of these factors as they can significantly impact their annual expenses. With the national median property tax rate at 0.99%, understanding how local rates and assessed values contribute to the final tax bill is crucial for financial planning and ensuring affordability in the long term.
Average Cameron Tax Bill
$1,473
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | $556 | $850 | $1,473 | $2,248 | $3,066 |
Source: Ownwell