Rockport, Morgan County, Missouri Property Taxes
Median Rockport, MO effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Rockport, MO home value: $7,200
Median annual Rockport, MO tax bill: $68, $2,332 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Rockport, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Rockport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rockport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rockport, Morgan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$68
$63
Property Tax Rates Across Rockport, Morgan County, Missouri
Local government entities determine tax rates, which can differ significantly within Missouri. This variability stems from each county's annual process of estimating its budgetary needs for public services and dividing this by the total assessed value of all taxable properties in its area. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the essence of the process.
In Rockport, located in Morgan County, the effective property tax rate is 0.94%, which falls below the national median property tax rate of 1.02%. This can be a crucial factor for homeowners considering the overall affordability of living in Rockport compared to other cities in Missouri and across the U.S. The lower tax rate in Rockport means that residents may enjoy reduced property tax bills relative to the national median property tax bill of $2400. Understanding these differences can help property owners make informed decisions about their investments and potential savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Rockport Tax Rate
0.94%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Morgan County Tax Rate
0.87%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rockport, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64482 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Rockport, Morgan County, Missouri
When examining property taxes in Rockport, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Morgan County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Rockport. For example, the median home price in Rockport is $7,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Rockport, Morgan County, Missouri
Source: Ownwell
$1,750
$74,875
$148,000
Median Rockport Market Value
$7,200
Median Morgan County Market Value
$49,350
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rockport, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64482 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Rockport, Morgan County, Missouri
In Rockport, located in Morgan County, Missouri, property tax bills are calculated based on the assessed value of a property, which is determined by a percentage of the property's market value. The median home price in Rockport is significantly below the national average, at just $7,200, resulting in lower property tax bills for homeowners. The property tax bill for the 25th, 75th, and 90th percentiles is consistently $68, which is considerably lower than the national median property tax bill of $2,400. This low tax burden can be attributed to the lower assessed property values in the area.
Despite the relatively low tax bills, homeowners in Rockport can still benefit from property tax consulting services. Ownwell can assist homeowners in identifying potential exemptions and appealing their property tax assessments, ensuring they are not overpaying. By leveraging expertise in local tax laws and assessment practices, Ownwell can help homeowners save money, providing peace of mind and financial relief.
Median Rockport Tax Bill
$68
Median Morgan County Tax Bill
$420
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Rockport, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64482 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell