63343 Property Tax Rate

Property owners in ZIP code 63343 (Elsberry, Missouri) pay a median of $1,068/year in property taxes on homes valued at $149,300. This translates to an effective tax rate of 0.72%, which is 8% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63343 is approximately $89, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $308 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63343 has lower property taxes. ZIP codes with similar effective rates include 64759 (0.72%) and 63387 (0.72%).

In Elsberry, property taxes represent approximately 1.5% of the median household income of $71,523, 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 Lincoln 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 Lincoln County by the state deadline. Contact the Lincoln County Assessor's office within 60 days of purchase to verify your assessment and request a Homestead Certificate to lock in the exemption.