Cameron Park, Missouri Property Taxes
The median property tax rate in Cameron Park, MO is 0.83%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value in Cameron Park of $5,200, the typical annual property tax bill is $43, far below the national median of $2,690. Property taxes in Cameron Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cameron Park'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 Cameron Park 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
Cameron Park, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$43
Ownwell’s Cameron Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron Park 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 Park, Missouri
Property taxes in Cameron Park, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron Park is 0.83%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cameron Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron Park 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 Park's effective property tax rate to other counties in Missouri and the national median. For comparison, the 95682 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these areas compare with Cameron Park provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Park Tax Rate
0.83%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron Park, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Cameron Park, Missouri
In Cameron Park, 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 Morgan 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 in Cameron Park 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. For instance, the median home price in Cameron Park is $5,200, with tax bills at the 25th, 75th, and 90th percentiles all being $43. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cameron Park Assessed Value
$5,200
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron Park, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | $5,200 | $5,200 | $5,200 | $5,200 | $5,200 |
Source: Ownwell
Property Tax Bills Across Cameron Park, Missouri
In Cameron Park, Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value as determined by the county assessor. For instance, if the median home price is $5,200, the assessed value would be a fraction of this amount, depending on the local assessment rate. The tax rate, which is applied to the assessed value, determines the final tax bill. In Cameron Park, the tax bills range from $43 at the 25th percentile to the 90th percentile, indicating a relatively uniform tax burden across different property values. This uniformity suggests that homeowners in Cameron Park experience a consistent property tax rate, which can be compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. This consistency in tax bills can also influence decisions about buying or selling property in the area.
Average Cameron Park Tax Bill
$43
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron Park, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | $43 | $43 | $43 | $43 | $43 |
Source: Ownwell