Holden, Missouri Property Taxes
The median property tax rate in Holden, Missouri is 1.19%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With the median home value in Holden at $70,993, the typical annual property tax bill amounts to $831, which is significantly lower than the national median of $2,690. Property taxes in Holden are based on the tax assessed value, often lower than the market value due to various exemptions like those for primary residences and agricultural properties. 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, grasping 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
1.19%
Estimate Property Tax Bill
$845
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, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Holden is 1.19%, higher than both the Missouri state median and 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 64040 zip code has the highest median property tax rate of 1.19%, while the 64040 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Holden provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holden Tax Rate
1.19%
Average Johnson County Tax Rate
1.24%
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 | 0.94% | 1.08% | 1.19% | 1.24% | 1.26% |
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 Johnson 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 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 highest and lowest median tax bills in Holden are both $831.00, found in the zip code 64040.
Average Holden Assessed Value
$70,993
Average Johnson County Assessed Value
$74,883
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 | $11,141 | $27,485 | $70,993 | $108,836 | $146,708 |
Source: Ownwell
Property Tax Bills Across Holden, Missouri
In Holden, located in Johnson 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 tax bill. For instance, with a median home price of $70,993, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is approximately $358, while at the 75th percentile, it rises to about $1,291. For those at the 90th percentile, the tax bill can be as high as $1,650. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Holden’s rates can present a varied financial impact on homeowners. Understanding these factors is crucial for homeowners to manage their expenses and plan accordingly, especially when considering the highest and lowest median tax bills in the region, both recorded at $831 in the 64040 zip code.
Average Holden Tax Bill
$831
Average Johnson County Tax Bill
$947
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 | $157 | $358 | $831 | $1,291 | $1,650 |
Source: Ownwell