Riverside, Platte County, Missouri Property Taxes
Median Riverside, MO effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Riverside, MO home value: $264,267
Median annual Riverside, MO tax bill: $3,484, $1,084 higher than the national median property tax bill of $2,400.
How are property taxes in Platte calculated?
Property taxes in Riverside, 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 Riverside’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riverside, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Riverside, Platte County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$3,277
$3,041
Property Tax Rates Across Riverside, Platte County, Missouri
Local government entities determine property tax rates, and these can differ significantly across a state. This variation is because each county calculates its necessary budget for public services annually and then divides this by the total assessed value of all taxable properties within its boundaries. This results in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the yearly procedure.
In Riverside, located in Platte County, Missouri, the property tax landscape is quite telling. Comparing Riverside's effective property tax rate with other cities in Missouri reveals interesting insights. Missouri’s median property tax rate stands at 1.24%, which is higher than the national median of 1.02%. This suggests that property owners in Riverside might experience a higher property tax burden compared to the national average.
Understanding these differences can be crucial for property owners looking to manage their expenses effectively. By being informed about the local tax landscape, property owners can make better financial decisions and potentially explore avenues for appealing or reducing their property tax liabilities.
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 Riverside Tax Rate
1.24%
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 Riverside, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64150 | 1.24% | 1.24% | 1.24% | 1.24% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Riverside, Platte County, Missouri
When examining property taxes in Riverside, Missouri, 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.
Assessment notices: 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 Riverside.
For example, the median home price in Riverside is $264,267, with tax bills ranging significantly across the county. Zip code 64150 has the highest median home price at $274,914.
Property Tax Assessment Values Across Riverside, Platte County, Missouri
Source: Ownwell
$110,645
$247,782
$384,919
Median Riverside Market Value
$264,267
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 Riverside, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64150 | $140,477 | $184,680 | $274,914 | $443,633 | $584,497 |
Source: Ownwell
Property Tax Bills Across Riverside, Platte County, Missouri
Median Riverside Tax Bill
$3,484
Median Platte County Tax Bill
$3,540
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Riverside, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64150 | $1,782 | $2,285 | $3,451 | $5,735 | $7,460 |
Source: Ownwell