Holcomb, Missouri Property Taxes
The median property tax rate in Holcomb, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Holcomb being $30,950, the typical annual property tax bill is around $276, significantly less than the national median of $2,690. Property taxes in Holcomb are calculated based on the tax assessed value, which is often below the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Holcomb's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Holcomb or another part of Dunklin County, understanding the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holcomb, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Holcomb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holcomb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holcomb 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 Holcomb, Missouri
Property taxes in Holcomb, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holcomb is 0.87%, slightly lower than the U.S. national median of 0.99%. Local government entities within Holcomb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holcomb 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 Holcomb's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63852 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Holcomb provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holcomb Tax Rate
0.87%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holcomb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63852 | 0.82% | 0.85% | 0.87% | 0.94% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Holcomb, Missouri
In Holcomb, 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 Dunklin 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 Holcomb, 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 Holcomb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 63852, with a median tax bill of $276.
Average Holcomb Assessed Value
$30,950
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holcomb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63852 | $3,142 | $12,035 | $30,950 | $53,085 | $85,486 |
Source: Ownwell
Property Tax Bills Across Holcomb, Missouri
In Holcomb, Dunklin County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $30,950, the property tax rate is applied to this assessed value to calculate the tax bill. Various factors influence the tax bill, including the property's location, market conditions, and any applicable exemptions. Homeowners in Holcomb can expect tax bills to vary widely. For example, the 25th percentile tax bill is around $135, while the 75th percentile reaches $469, and the 90th percentile can be as high as $732. These variations reflect differences in property values and any exemptions or deductions that may apply. Compared to the national median property tax rate of 0.99%, Holcomb's tax rates offer a relatively lower tax burden, making it an attractive option for homeowners looking for affordability in property taxes.
Average Holcomb Tax Bill
$276
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Holcomb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63852 | $36 | $135 | $276 | $469 | $732 |
Source: Ownwell