Holland, Missouri Property Taxes
The median property tax rate in Holland, MO is 1.08%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Holland, the typical annual property tax bill reaches $199, significantly below the national median of $2,690. Property taxes in Holland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Holland'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 Holland 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
Holland, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$197
Ownwell’s Holland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holland 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 Holland, Missouri
Property taxes in Holland, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holland stands at 1.08%, which is considerably higher than the U.S. national median of 0.99%. Local government entities within Holland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holland 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 Holland's effective property tax rate to other regions in Missouri and the national median. For comparison, the zip code 63853 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Holland provides valuable insights into the varying tax landscape across Pemiscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holland Tax Rate
1.08%
Average Pemiscot County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63853 | 0.37% | 0.82% | 1.08% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Holland, Missouri
Understanding the difference between "market value" and "assessed value" in Holland, Missouri, is essential 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 such as location, property condition, and economic trends. This value is estimated by the Pemiscot County 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. Assessment notices in Holland 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. For example, the median home price in Holland is $18,205, with tax bills ranging from $83 at the 25th percentile to $377 at the 90th percentile. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holland Assessed Value
$18,205
Average Pemiscot County Assessed Value
$27,370
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63853 | $3,984 | $7,710 | $18,205 | $29,652 | $35,093 |
Source: Ownwell
Property Tax Bills Across Holland, Missouri
In Holland, located in Pemiscot County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. Homeowners in Holland can expect property tax bills to vary significantly, with the 25th percentile tax bill at $83 and the 75th percentile reaching $319. The highest median tax bill in the area is $199, which is relatively low compared to the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services. For homeowners, this means that while their tax bills are comparatively modest, they still contribute to the community's overall well-being and development. Understanding these factors can help residents anticipate and manage their property tax obligations effectively.
Average Holland Tax Bill
$199
Average Pemiscot County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Holland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63853 | $34 | $83 | $199 | $319 | $377 |
Source: Ownwell