63446 Property Tax Rate

Property owners in ZIP code 63446 (Knox City, Missouri) pay a median of $1,016/year in property taxes on homes valued at $275,000. This translates to an effective tax rate of 0.37%, which is 53% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63446 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $360 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63446 has lower property taxes. ZIP codes with similar effective rates include 65761 (0.37%) and 65704 (0.37%).

In Knox City, property taxes represent approximately 1.7% of the median household income of $59,306, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses all properties to current market value at transfer of ownership; there is no state cap limiting post-purchase tax increases. Knox County residents qualify for Homestead Exemption and Senior Exemption programs available through the Knox County Assessor's office — apply before the local filing deadline to ensure timely processing. Review your property's assessed value and comparable sales; if discrepancies exist, file a formal appeal with the Knox County Assessor by the statutory deadline.