63456 Property Tax Rate

Property owners in ZIP code 63456 (Monroe City, Missouri) pay a median of $1,140/year in property taxes on homes valued at $151,300. This translates to an effective tax rate of 0.75%, which is 3% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63456 is approximately $95, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $236 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63456 has lower property taxes. ZIP codes with similar effective rates include 64437 (0.75%) and 63624 (0.75%).

In Monroe City, property taxes represent approximately 1.9% of the median household income of $59,000, 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 Marion 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 Marion County by the state deadline. Contact the Marion County Assessor's office within 60 days of purchase to verify your assessment and request a Homestead Certificate to lock in the exemption.