Weatherby Lake, Platte County, Missouri Property Taxes
Median Weatherby Lake, MO effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Weatherby Lake, MO home value: $218,386
Median annual Weatherby Lake, MO tax bill: $3,433, $1,033 higher than the national median property tax bill of $2,400.
How are property taxes in Platte calculated?
Property taxes in Weatherby Lake, 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 Weatherby Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Weatherby Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Weatherby Lake, Platte County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$3,429
$3,182
Property Tax Rates Across Weatherby Lake, Platte County, Missouri
Local government entities are responsible for setting tax rates, which can differ significantly within Missouri. Each year, Platte County estimates its budgetary needs for essential services and divides this by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. While votes and legislative measures play a role in determining tax rates and budgets, this is essentially the annual procedure.
Weatherby Lake in Platte County has an effective property tax rate that reflects these calculations. It's insightful to compare this rate to others across Missouri and the broader U.S. landscape. The median property tax rate in Missouri is 1.57%, which is notably higher than the national median of 1.02%. This comparison highlights the variability in property tax rates not only within Missouri but also when contrasted with national figures. Understanding these differences can be crucial for property owners when considering appeals or 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 Weatherby Lake Tax Rate
1.57%
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 Weatherby Lake, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64152 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Weatherby Lake, Platte County, Missouri
When examining property taxes in Weatherby Lake, 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 Assessor 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 Weatherby Lake.
For example, the median home price in Weatherby Lake is $218,386, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Weatherby Lake, Platte County, Missouri
Source: Ownwell
$110,645
$247,782
$384,919
Median Weatherby Lake Market Value
$218,386
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 Weatherby Lake, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64152 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Weatherby Lake, Platte County, Missouri
In Weatherby Lake, situated in Platte County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is generally a percentage of the home's market value, which is influenced by factors such as location, size, and property features. Homeowners in Weatherby Lake face a median tax bill that can vary significantly. For instance, while the 25th percentile tax bill is $1,725, the 75th percentile jumps to $5,142, and the 90th percentile reaches $6,168. These figures are notably higher than the national median property tax bill of $2,400, indicating a substantial financial impact on homeowners in this area.
Ownwell offers a valuable service by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By leveraging our expertise, homeowners can challenge their assessed values, ensuring they are not overpaying. This service can lead to significant savings, providing financial relief and peace of mind for homeowners in Weatherby Lake.
Median Weatherby Lake Tax Bill
$3,433
Median Platte County Tax Bill
$3,540
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Weatherby Lake, Platte County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64152 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell