Campbell, Missouri Property Taxes
The median property tax rate in Campbell, MO is 0.88%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $36,530 in Campbell, the typical annual property tax bill is around $324, significantly below the national median of $2,690. Property taxes in Campbell are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Campbell'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 Campbell 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
Campbell, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$321
Ownwell’s Campbell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell 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 Campbell, Missouri
Property taxes in Campbell, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell 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 Campbell's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63933 has the same median property tax rate of 0.88%. Understanding how these areas compare with Campbell provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
0.88%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63933 | 0.80% | 0.86% | 0.88% | 0.91% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, Missouri
In Campbell, 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 Dunklin County Appraisal District 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 Campbell, 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 Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Campbell is $36,530, with tax bills ranging from $136 at the 25th percentile to $826 at the 90th percentile. Notably, the zip code 63933 has both the highest and lowest median tax bill, which is $324.
Average Campbell Assessed Value
$36,530
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63933 | $3,601 | $14,028 | $36,530 | $61,375 | $99,406 |
Source: Ownwell
Property Tax Bills Across Campbell, Missouri
In Campbell, Dunklin County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to the assessed value to calculate the annual property tax bill. For instance, with a median home price of $36,530, homeowners can expect varying tax bills depending on their property's assessed value and applicable tax rates. Factors considered in the calculation include the property's condition, location, and any improvements made. The tax bill can differ significantly, as seen in the range from the 25th percentile at $136 to the 90th percentile at $826. This variability can impact homeowners' financial planning, making it crucial to understand how these assessments are conducted. Compared to the national median property tax rate of 0.99%, Campbell's property tax rates offer a different financial landscape for homeowners, with the median tax bill in the zip code 63933 standing at $324.
Average Campbell Tax Bill
$324
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63933 | $39 | $136 | $324 | $527 | $826 |
Source: Ownwell