63384 Property Tax Rate

Property owners in ZIP code 63384 (Wellsville, Missouri) pay a median of $1,057/year in property taxes on homes valued at $113,200. This translates to an effective tax rate of 0.93%, which is 20% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63384 is approximately $88, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $319 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63384 has lower property taxes. ZIP codes with similar effective rates include 63348 (0.94%) and 64770 (0.94%).

In Wellsville, property taxes represent approximately 1.4% of the median household income of $75,083, 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.