Camden, Missouri Property Taxes
The median property tax rate in Camden, Missouri is 0.70%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Camden, the typical annual property tax bill reaches $201, significantly below the national median of $2,690. Property taxes in Camden 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 Camden'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 Camden 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
Camden, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$200
Ownwell’s Camden Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Camden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camden to provide an estimate of your property tax bill. This intuitive tool helps you understand potential tax liabilities. For those interested in seeing trends at 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, taking into account any applicable exemptions.
Property Tax Rates Across Camden, Missouri
Property taxes in Camden, Missouri, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.81%, which is higher than the Missouri state median of 0.91% but still below the U.S. national median of 0.99%. Local government entities within Camden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camden 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 Camden's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code with the highest median property tax rate in Camden has a rate of 0.81%, while the zip code with the lowest median tax rate also stands at 0.81%. Understanding how these areas compare with Camden 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 Camden Tax Rate
0.70%
Average Lafayette County Tax Rate
1.10%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64017 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Missouri
In Camden, 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. 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 Camden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Camden are both $201, found in the zip code 64017.
Average Camden Assessed Value
$28,630
Average Lafayette County Assessed Value
$57,532
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64017 | $28,630 | $28,630 | $28,630 | $28,630 | $28,630 |
Source: Ownwell
Property Tax Bills Across Camden, Missouri
In Camden, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of your property. Camden's property tax rate is influenced by various factors including local government budgets, school funding, and public services, all of which are funded through property taxes. For homeowners, the property tax bill can significantly impact their annual expenses. For instance, with a median home price of $28,630 in Camden, homeowners can expect a median tax bill of $201. This is considerably lower than the national median property tax rate of 0.99%, highlighting the affordability of property taxes in Camden. The consistency in tax bills, with the 25th, 75th, and 90th percentiles all at $201, suggests a stable and predictable tax environment. This stability can be beneficial for budgeting and financial planning, providing homeowners with a clear understanding of their annual property tax obligations.
Average Camden Tax Bill
$201
Average Lafayette County Tax Bill
$641
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64017 | $201 | $201 | $201 | $201 | $201 |
Source: Ownwell