Holt, Missouri Property Taxes
The median property tax rate in Holt, MO is 1.38%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Holt, the typical annual property tax bill reaches $2,149, exceeding the national median of $2,690. Property taxes in Holt are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Holt'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 Holt 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
Holt, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,111
Ownwell’s Holt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holt 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 Holt, Missouri
Property taxes in Holt, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holt is 1.38%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Holt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holt 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 Holt's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64048 zip code has both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Holt provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holt Tax Rate
1.38%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holt, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64048 | 1.29% | 1.34% | 1.38% | 1.42% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Holt, Missouri
In Holt, 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 Clinton 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. In Holt, 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 Holt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,149, found in the 64048 zip code.
Average Holt Assessed Value
$152,960
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holt, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64048 | $90,554 | $126,698 | $152,960 | $190,880 | $241,506 |
Source: Ownwell
Property Tax Bills Across Holt, Missouri
In Holt, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Holt is $152,960. Homeowners in Holt can expect to pay property taxes that vary significantly, with tax bills at the 25th percentile around $1,729 and at the 75th percentile around $2,713. At the 90th percentile, tax bills can reach up to $3,596. The highest and lowest median tax bills in the area are both $2,149, found in the 64048 zip code. These tax bills are influenced by factors such as property size, location, and local tax rates. Compared to the national median property tax rate of 0.99%, Holt's property tax rates can vary, impacting homeowners' annual expenses. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Holt Tax Bill
$2,149
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Holt, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64048 | $1,235 | $1,729 | $2,149 | $2,713 | $3,596 |
Source: Ownwell