Real Estate

Real Estate Assessment: 

Real property is reappraised every two years by state law, in the odd numbered year, i.e., 2005, 2007, 2009, etc.  The effective date of all appraisals is January 1 of the year of reassessment.  The Assessor determines a full or partial value of new construction, or improvements depending upon the state of completion as of January 1. 

The Camden County Assessor’s Office has a staff of field appraisers who travel the county each year reviewing all the parcels in the county.  Each vehicle driven by a field appraiser is identified on the sides of the vehicle as being with the Camden County Assessor’s Office.  Also, each employee carries a County ID badge and if you are not sure who is on your property, ask the person(s) to show their identification.  The field appraiser will be measuring the exterior of each improvement on the parcel and taking photographs of the improvement(s) and making notes on the quality of construction, quality of materials used in the construction, overall condition of the improvement(s), and other data needed to assist in estimating a value for the property.   

The Assessor works with two values: 1). Fair Market Value, the estimated market value of the property, and

2). Assessed Value, the value set on real estate and/or personal property by a government as a basis for levying taxes. 

In the State of Missouri, the following percentage are applied to the estimated Market Value of a particular property in order to determine the Assessed Value of real estate:

Residential – 19%

Agriculture – 12%

Commercial – 32 % 

Liability of Taxes: 

In Missouri, taxes are due by December 31 each year or penalties may be applied.   When you purchase your property, you need to understand who is paying the taxes for the year or if the taxes have been prorated between the seller and buyer.  The County Assessor is not privy to this information, only the buyer, seller, and the closing company, if used, know this information.  If you do not know who is responsible, you need to contact your closing company or real estate agent for an explanation. 

In Camden County tax bills for real property are sent to the owner of record as of January 1 of that tax year.  If you purchase property after January 1, you may contact the Assessor’s office to see if it is possible to have the tax bill put in a “care of” mailing address and mailed to you.  It is your responsibility to pay the taxes when due whether you receive a tax bill or not.  Tax bills for Personal Property are mailed to the address given on the Personal Property Assessment Form.
 

Explanation of Notice of Change in Assessed Value: 

Map Parcel Number = 00-0.0-00.0-000.0-000-000.000

This number is assigned by the County Assessor to an individual parcel of land for identification purposes only.  This number has no legal significance. 

Legal Description = the legal description is summarized due to limitations of space.  The legal description may be a lot and block description (subdivision) or metes and bounds which is commonly found with acreage tracts of land 

Sec/Twn/Rng = indicates the Section, Township, and Range the parcel is located in. 

Previous Values =  Appraised Value is the Assessor’s appraised value for the previous year and Assessed Value the value upon which your taxes are based.

By state statute, RSMo. Chapter 137.115, Residential property is assessed at 19% of the appraised value; Agricultural property is assessed at 12% of the appraised value; and Commercial property is assessed at 32% of the appraised value. 

New Values = Appraised Value is the Assessor’s appraised value for the current year and the Assessed Value is the new value upon which your taxes will be based. 

By state statute, Residential property is assessed at 19% of the appraised value; Agricultural property is assessed at 12% of the appraised value; and Commercial property is assessed at 32% of the appraised value. 

Calculated Acreage = the County Assessor’s calculated size of the parcel, if in acres 

Tax Dist. = the tax district in which the parcel is located.  Each tax district has its own tax levy. 

Total New Value = shows the new appraised value and the new assessed value.You need to compare the new value with the previous year’s value to determine if there has been an increase in value and the percentage of increase. 

On the right hand side of the notice you will find telephone numbers to call if you have a question concerning your Change in Assessed Notice or if you disagree with the new value.  Also, you will note there is a time frame in which you have to appeal your value.

Return to Assessor's Main Page