63068 Property Tax Rate

Property owners in ZIP code 63068 (New Haven, Missouri) pay a median of $2,010/year in property taxes on homes valued at $209,200. This translates to an effective tax rate of 0.96%, which is 23% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63068 is approximately $168, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $634 more than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63068 has higher property taxes. ZIP codes with similar effective rates include 63434 (0.96%) and 64089 (0.96%).

In New Haven, property taxes represent approximately 2.5% of the median household income of $81,750, providing context for the relative tax burden on homeowners in this area.

Missouri has no statewide property tax cap; your assessed value can increase annually without limit, and the Franklin County Assessor will reassess at market value upon sale. The Homestead Property Tax Credit exempts up to $15,000 of assessed value for primary residences and saves eligible homeowners hundreds annually — apply with Franklin County by the state deadline. Contact the Franklin County Assessor's office within 60 days of purchase to verify your assessment and request a Homestead Certificate to lock in the exemption.