Stover, Morgan County, Missouri Property Taxes
Median Stover, MO effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Stover, MO home value: $50,300
Median annual Stover, MO tax bill: $448, $1,952 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Stover, 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 Stover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stover, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stover, Morgan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$468
$434
Property Tax Rates Across Stover, Morgan County, Missouri
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, in a nutshell, this is the annual process.
In Stover, located in Morgan County, Missouri, the effective property tax rate is 0.93%. Compared to the national median property tax rate of 1.02%, Stover's rate is relatively lower, offering residents a more favorable tax environment. The median property tax bill in the U.S. stands at $2400, so homeowners in Stover might find their property tax bills more manageable in comparison. This could be particularly appealing for those seeking affordable living options without compromising on essential services. By understanding these rates, property owners in Stover can better plan their finances and make informed decisions about their investments.
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 Stover Tax Rate
0.93%
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 Stover, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65078 | 0.75% | 0.83% | 0.93% | 0.97% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Stover, Morgan County, Missouri
When examining property taxes in Stover, Missouri, 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 Assessor 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.
In Morgan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Stover.
For example, the median home price in Stover is $50,300, with tax bills ranging significantly across the county. Zip code 65078 has the highest median home price at $50,300.
Property Tax Assessment Values Across Stover, Morgan County, Missouri
Source: Ownwell
$1,750
$74,875
$148,000
Median Stover Market Value
$50,300
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 Stover, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65078 | $4,400 | $15,600 | $50,300 | $103,700 | $173,200 |
Source: Ownwell
Property Tax Bills Across Stover, Morgan County, Missouri
Median Stover Tax Bill
$448
Median Morgan County Tax Bill
$420
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Stover, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65078 | $57 | $147 | $448 | $899 | $1,504 |
Source: Ownwell