Stover, Missouri Property Taxes
The median property tax rate in Stover, MO is 1.72%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Stover, the typical annual property tax bill reaches $490, which is notably lower than the national median of $2,690. Property taxes in Stover are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stover's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stover or another part of Pettis County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stover, 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 Stover Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stover to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Pettis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stover, Missouri
Property taxes in Stover, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stover is 1.72%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stover set these rates annually, and they can vary considerably across different neighborhoods. Each year, Stover 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 Stover's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65078 has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Stover provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stover Tax Rate
1.72%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stover, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65078 | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Stover, Missouri
In Stover, 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 Pettis 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 Stover, 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 Stover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65078 has the highest and lowest median tax bill, both at $490, highlighting the uniformity in tax assessments within the area.
Average Stover Assessed Value
$28,470
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stover, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65078 | $28,470 | $28,470 | $28,470 | $28,470 | $28,470 |
Source: Ownwell
Property Tax Bills Across Stover, Missouri
In Stover, located in Pettis County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Stover, the median home price is $28,470, and property tax bills tend to be consistent, with the 25th, 75th, and 90th percentiles all at $490. Factors influencing the tax bill include the assessed value of the property and the local tax rate. The median property tax rate in Stover is significantly higher than the national median of 0.99%, which can impact homeowners by increasing their annual expenses. Understanding these factors is crucial for homeowners as it directly affects their budgeting and financial planning. The consistency in tax bills across different percentiles indicates a relatively uniform tax structure in the area.
Average Stover Tax Bill
$490
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stover, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65078 | $490 | $490 | $490 | $490 | $490 |
Source: Ownwell