Holden, Missouri Property Taxes
The median property tax rate in Holden, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Holden at $51,660, the typical annual property tax bill is $607, far below the national median of $2,690. Property taxes in Holden are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Holden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Holden or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holden, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$501
Ownwell’s Holden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Holden, Missouri
Property taxes in Holden, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holden is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Holden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Holden's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64040 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how Holden compares with other areas provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holden Tax Rate
0.97%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64040 | 0.93% | 0.95% | 0.97% | 0.99% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Holden, Missouri
In Holden, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value 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. In Holden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Holden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64040 has both the highest and lowest median tax bill at $607.
Average Holden Assessed Value
$51,660
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64040 | $25,304 | $47,720 | $51,660 | $75,700 | $77,092 |
Source: Ownwell
Property Tax Bills Across Holden, Missouri
In Holden, Cass County, MO, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the tax rate to calculate the annual tax bill. For example, with a median home price of $51,660, homeowners can expect a tax bill around the median of $607. This figure can vary, with the 25th percentile tax bill at $489 and the 75th percentile at $736, indicating a range of property values and tax assessments within the area. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Higher assessed values and tax rates result in higher tax bills, which can significantly impact homeowners, especially those on fixed incomes. Comparing these figures to the national median property tax rate of 0.99%, Holden's tax bills are relatively moderate, providing some relief to homeowners while still funding essential local services.
Average Holden Tax Bill
$607
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Holden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64040 | $474 | $489 | $607 | $736 | $773 |
Source: Ownwell