63363 Property Tax Rate

Property owners in ZIP code 63363 (New Florence, Missouri) pay a median of $795/year in property taxes on homes valued at $141,700. This translates to an effective tax rate of 0.56%, which is 28% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63363 is approximately $66, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $581 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63363 has higher property taxes. ZIP codes with similar effective rates include 63650 (0.56%) and 65037 (0.56%).

In New Florence, property taxes represent approximately 1.5% of the median household income of $51,646, 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 Montgomery 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 Montgomery County by the state deadline. Contact the Montgomery County Assessor's office within 60 days of purchase to verify your assessment and request a Homestead Certificate to lock in the exemption.