Holt, Clay County, Missouri Property Taxes
The median property tax rate in Holt, MO is 1.07%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $241,211 in Holt, the typical annual property tax bill reaches $2,519, which is just below the national median of $2,690. Property taxes in Holt are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, including those for primary residences and agricultural properties. 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, Clay County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,581
$2,395
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, Clay County, 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 1.07%, which is higher than 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 the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Holt provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holt Tax Rate
1.07%
Average Clay County Tax Rate
1.34%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holt, Clay County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64048 | 0.98% | 1.02% | 1.07% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Holt, Clay County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holt, Missouri. 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 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. In Holt, the zip code 64048 has the highest median tax bill at $2,519, which is significantly above the national median property tax rate of 0.99%. Understanding these details empowers property owners to make informed decisions about their property taxes.
Property Tax Assessment Values Across Holt, Clay County, Missouri
Source: Ownwell
$62,552
$212,855
$363,158
Average Holt Assessed Value
$241,211
Average Clay County Assessed Value
$203,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holt, Clay County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64048 | $121,053 | $182,312 | $241,211 | $306,316 | $393,253 |
Source: Ownwell
Property Tax Bills Across Holt, Clay County, Missouri
Property tax bills in Holt, located in Clay County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners in Holt, the assessed value is determined by local tax assessors who evaluate the property's worth. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and improvements, as well as local tax rates and levies. In Holt, the median home price is $241,211, and the property tax rate is relatively moderate compared to the national median property tax rate of 0.99%. Homeowners in Holt can expect to pay between $1,924 at the 25th percentile and $4,251 at the 90th percentile annually. The highest and lowest median tax bills in the area are both $2,519, reflecting the uniformity in tax assessments within the zip code 64048. These property taxes fund essential local services, impacting homeowners by contributing to community infrastructure, schools, and public safety.
Average Holt Tax Bill
$2,519
Average Clay County Tax Bill
$2,651
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Holt, Clay County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64048 | $1,353 | $1,924 | $2,519 | $3,230 | $4,251 |
Source: Ownwell