Hollister, Missouri Property Taxes
The median property tax rate in Hollister, MO is 1.01%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Hollister at $62,603, the typical annual property tax bill amounts to $600, which is significantly below the national median of $2,690. Property taxes in Hollister are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hollister'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 Hollister 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
Hollister, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$632
Ownwell’s Hollister Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hollister with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollister 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 Hollister, Missouri
Property taxes in Hollister, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hollister is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Hollister set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollister 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 Hollister's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65673 zip code has the highest median property tax rate of 1.04%, while the 65672 zip code has the lowest median tax rate of 1.01%. Understanding how these areas compare with Hollister provides valuable insights into the varying tax landscape across Taney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hollister Tax Rate
1.01%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hollister, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65672 | 0.88% | 0.97% | 1.01% | 1.03% | 1.06% |
| 65673 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Hollister, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hollister, Missouri. The market value represents 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 Taney County Assessor 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. This assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hollister, 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. The median home price in Hollister is $62,603, with tax bills ranging from $105 at the 25th percentile to $2,161 at the 90th percentile. The zip code 65672 reports the highest and lowest median tax bill of $600. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hollister Assessed Value
$62,603
Average Taney County Assessed Value
$44,055
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hollister, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65672 | $3,000 | $12,000 | $62,610 | $130,049 | $229,032 |
| 65673 | $5,150 | $5,150 | $5,150 | $5,150 | $5,150 |
Source: Ownwell
Property Tax Bills Across Hollister, Missouri
In Hollister, located in Taney 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 property size, location, and improvements can influence the assessed value. For instance, the median home price in Hollister is $62,603, with tax bills ranging from $105 at the 25th percentile to $2,161 at the 90th percentile. Homeowners in Hollister face varying tax bills, with the highest median tax bill recorded at $600 in the 65672 zip code. This is relatively low compared to the national median property tax rate of 0.99%. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their financial planning. Understanding how these bills are calculated can help homeowners better manage their expenses and anticipate changes in their financial obligations.
Average Hollister Tax Bill
$600
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollister, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65672 | $30 | $107 | $600 | $1,272 | $2,161 |
| 65673 | $54 | $54 | $54 | $54 | $54 |
Source: Ownwell