Holliday, Missouri Property Taxes
The median property tax rate in Holliday, MO is 0.85%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $13,200 in Holliday, the typical annual property tax bill amounts to $112, significantly less than the national median of $2,690. Property taxes in Holliday are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Holliday's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Holliday or another part of Morgan County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Holliday, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$112
Ownwell’s HOLLIDAY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLLIDAY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLLIDAY 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 Holliday, Missouri
Property taxes in Holliday, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holliday is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Holliday set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holliday 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 Holliday's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65258 zip code has both the highest and the lowest median property tax rate of 0.85%. Understanding how these cities compare with Holliday provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holliday Tax Rate
0.85%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holliday, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65258 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Holliday, Missouri
In Holliday, 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 Holliday, 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 Holliday helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Holliday, both the highest and lowest median tax bills are $112, corresponding to the zip code 65258.
Average Holliday Assessed Value
$13,200
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holliday, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65258 | $13,200 | $13,200 | $13,200 | $13,200 | $13,200 |
Source: Ownwell
Property Tax Bills Across Holliday, Missouri
In HOLLIDAY, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $13,200 in HOLLIDAY, homeowners can expect a tax bill around $112, which is consistent across the 25th, 75th, and 90th percentiles. This uniformity indicates a relatively stable tax environment within the region. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the rate in HOLLIDAY results in a lower overall tax burden for homeowners. This can make homeownership more affordable and financially manageable. Understanding these factors helps homeowners anticipate their tax obligations and budget accordingly, ensuring they are well-prepared for annual property tax payments.
Average Holliday Tax Bill
$112
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Holliday, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65258 | $112 | $112 | $112 | $112 | $112 |
Source: Ownwell