Platte County Property Taxes
The median property tax rate in Platte County is 1.45%, which is significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Platte County at $243,632, the typical annual property tax bill reaches $3,540, which exceeds the national median of $2,690. Property taxes in Platte County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Platte County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Kansas City or another part of Platte County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Platte County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$3,533
Ownwell’s Platte County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Platte County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Platte County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Platte County, Missouri
Property taxes in Platte County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Platte County is 1.45%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Platte County set these rates annually, and they can vary significantly between different areas within the county. Each year, Platte County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Platte County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Houston Lake has one of the higher property tax rates in Missouri at 2.51%, while the city of De Kalb boasts one of the lowest at 1.07%. Analyzing how Platte County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Platte County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camden Point | 1.16% | 1.23% | 1.36% | 1.36% | 1.36% |
| Dearborn | 1.17% | 1.25% | 1.26% | 1.35% | 1.35% |
| De Kalb | 0.95% | 1.01% | 1.07% | 1.11% | 1.15% |
| Edgerton | 1.19% | 1.24% | 1.30% | 1.36% | 1.36% |
| Farley | 1.26% | 1.27% | 1.27% | 1.27% | 1.27% |
| Ferrelview | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
| Houston Lake | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
| Kansas City | 1.42% | 1.42% | 1.52% | 1.53% | 1.53% |
| Lake Waukomis | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
| North Kansas City | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
| Northmoor | 1.24% | 1.24% | 1.24% | 1.26% | 1.31% |
| Parkville | 1.42% | 1.53% | 1.53% | 1.53% | 1.53% |
| Platte City | 1.26% | 1.26% | 1.26% | 1.45% | 1.45% |
| Platte Woods | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| Riverside | 1.24% | 1.24% | 1.24% | 1.24% | 1.42% |
| Rushville | 0.92% | 1.04% | 1.08% | 1.09% | 1.09% |
| Smithville | 1.25% | 1.27% | 1.30% | 1.30% | 1.30% |
| Tracy | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| Trimble | 1.10% | 1.21% | 1.24% | 1.26% | 1.35% |
| Waldron | 1.26% | 1.26% | 1.43% | 1.43% | 1.43% |
| Weatherby Lake | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
| Weston | 1.11% | 1.15% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Platte County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Platte County, MO. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Platte County Appraisal District. The assessed value, however, 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 Platte County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Platte County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For example, Tracy has the highest median tax bill at $6,932, while Ferrelview has the lowest at $522. This significant difference highlights the importance of understanding and managing your property taxes.
Average Platte County Assessed Value
$243,632
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Platte County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camden Point | $88,953 | $123,960 | $162,328 | $197,832 | $244,348 |
| Dearborn | $78,260 | $102,568 | $143,742 | $187,628 | $239,450 |
| De Kalb | $76,112 | $120,705 | $156,496 | $217,292 | $392,326 |
| Edgerton | $66,418 | $97,519 | $133,039 | $184,282 | $269,254 |
| Farley | $67,585 | $103,437 | $148,695 | $186,024 | $233,964 |
| Ferrelview | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 |
| Houston Lake | $115,669 | $115,669 | $115,669 | $115,669 | $115,669 |
| Kansas City | $148,566 | $188,664 | $250,847 | $356,250 | $473,483 |
| Lake Waukomis | $340,047 | $340,047 | $340,047 | $340,047 | $340,047 |
| North Kansas City | $169,626 | $169,626 | $169,626 | $169,626 | $169,626 |
| Northmoor | $101,598 | $102,066 | $104,108 | $132,919 | $181,568 |
| Parkville | $153,532 | $248,354 | $384,919 | $456,350 | $531,778 |
| Platte City | $132,029 | $168,987 | $240,987 | $327,374 | $418,594 |
| Platte Woods | $230,587 | $236,923 | $247,483 | $336,284 | $389,565 |
| Riverside | $110,000 | $174,704 | $264,267 | $414,861 | $582,669 |
| Rushville | $41,021 | $74,374 | $110,645 | $145,008 | $200,472 |
| Smithville | $131,591 | $184,876 | $250,887 | $326,211 | $388,448 |
| Tracy | $499,291 | $502,622 | $508,173 | $513,724 | $517,055 |
| Trimble | $95,594 | $110,775 | $144,310 | $165,251 | $321,937 |
| Waldron | $21,398 | $48,120 | $112,143 | $189,336 | $242,265 |
| Weatherby Lake | $44,477 | $109,693 | $218,386 | $327,079 | $392,295 |
| Weston | $90,120 | $131,462 | $182,096 | $254,242 | $320,866 |
Source: Ownwell
Property Tax Bills Across Platte County, Missouri
In Platte County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements significantly influence the assessed value. For instance, the median home price in Platte County is $243,632, and tax bills can vary widely. Homeowners in the 25th percentile pay around $2,576, while those in the 75th percentile face bills up to $5,038. At the 90th percentile, the tax bill can reach $6,821. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. In Platte County, the tax bills can significantly impact homeowners' finances, with some areas like Tracy having the highest median tax bill at $6,932, while Ferrelview has the lowest at $522. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Platte County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camden Point | $1,061 | $1,554 | $2,135 | $2,617 | $3,239 |
| Dearborn | $989 | $1,347 | $1,839 | $2,375 | $2,978 |
| De Kalb | $813 | $1,251 | $1,662 | $2,398 | $4,128 |
| Edgerton | $871 | $1,263 | $1,732 | $2,393 | $3,435 |
| Farley | $694 | $1,310 | $1,831 | $2,356 | $2,963 |
| Ferrelview | $522 | $522 | $522 | $522 | $522 |
| Houston Lake | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 |
| Kansas City | $2,207 | $2,811 | $3,767 | $5,305 | $7,102 |
| Lake Waukomis | $4,979 | $4,979 | $4,979 | $4,979 | $4,979 |
| North Kansas City | $2,425 | $2,425 | $2,425 | $2,425 | $2,425 |
| Northmoor | $1,257 | $1,263 | $1,288 | $1,700 | $2,401 |
| Parkville | $2,328 | $3,799 | $5,862 | $6,896 | $8,304 |
| Platte City | $1,697 | $2,322 | $3,181 | $4,207 | $5,338 |
| Platte Woods | $3,220 | $3,309 | $3,456 | $4,697 | $5,441 |
| Riverside | $1,738 | $2,285 | $3,484 | $5,852 | $7,782 |
| Rushville | $425 | $783 | $1,102 | $1,564 | $2,194 |
| Smithville | $1,668 | $2,383 | $3,211 | $4,180 | $5,032 |
| Tracy | $6,811 | $6,856 | $6,932 | $7,008 | $7,053 |
| Trimble | $1,066 | $1,266 | $1,914 | $2,176 | $3,938 |
| Waldron | $306 | $688 | $1,410 | $2,398 | $3,190 |
| Weatherby Lake | $699 | $1,725 | $3,433 | $5,142 | $6,168 |
| Weston | $1,066 | $1,617 | $2,208 | $3,080 | $3,881 |
Source: Ownwell