Platte City, Platte County, Missouri Property Taxes
Median Platte City, MO effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Platte City, MO home value: $240,987
Median annual Platte City, MO tax bill: $3,181, $781 higher than the national median property tax bill of $2,400.
How are property taxes in Platte County calculated?
Property taxes in Platte City, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Platte City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Platte City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Platte City, Platte County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.26%
Estimate Property Tax Bill
$3,036
$2,818
Property Tax Rates Across Platte City, Platte County, Missouri
Local government entities set tax rates, and these can vary significantly within Missouri. Each county, including Platte County, estimates its budget annually to provide necessary services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play roles in determining these rates and budgets, this is the essence of the process.
Platte City's effective property tax rate is a key point of comparison. It stands at 1.26%, which is notably higher than the national median property tax rate of 1.02%. This means that property owners in Platte City face a relatively higher tax rate compared to many other parts of the country. However, within Missouri, Platte City’s rate is consistent, as it also represents both the highest and lowest median tax rate in the region. Understanding these figures can help property owners make informed decisions about property tax appeals and exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Platte City Tax Rate
1.26%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Platte County Tax Rate
1.45%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Platte City, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64079 | 1.26% | 1.26% | 1.26% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Platte City, Platte County, Missouri
When examining property taxes in Platte City, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Platte County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Platte County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Platte City.
For example, the median home price in Platte City is $240,987, with tax bills ranging significantly across the county. Zip code 64079 has the highest median home price at $240,987.
Property Tax Assessment Values Across Platte City, Platte County, Missouri
Source: Ownwell
$110,645
$247,782
$384,919
Median Platte City Market Value
$240,987
Median Platte County Market Value
$243,632
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Platte City, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64079 | $132,029 | $168,987 | $240,987 | $327,374 | $418,594 |
Source: Ownwell
Property Tax Bills Across Platte City, Platte County, Missouri
In Platte City, located in Platte County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market fluctuations can influence the assessed value, thus affecting the tax bill. Homeowners in Platte City face a median tax bill of $3,181, which is higher than the national median of $2,400. This discrepancy highlights the potential financial burden on property owners in the area.
Homeowners can benefit from Ownwell's expertise in navigating the complexities of property tax appeals and exemptions. By identifying discrepancies in assessments or uncovering eligibility for tax relief programs, Ownwell can help reduce tax liabilities. With personalized guidance, homeowners can ensure they only pay their fair share, potentially saving hundreds or even thousands of dollars annually on their property tax bills.
Median Platte City Tax Bill
$3,181
Median Platte County Tax Bill
$3,540
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Platte City, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64079 | $1,697 | $2,322 | $3,181 | $4,207 | $5,338 |
Source: Ownwell