63459 Property Tax Rate

Property owners in ZIP code 63459 (New London, Missouri) pay a median of $1,158/year in property taxes on homes valued at $158,000. This translates to an effective tax rate of 0.73%, which is 6% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63459 is approximately $97, which factors into escrow payments on mortgages. This ZIP code is located within Ralls County. This is $218 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63459 has higher property taxes. ZIP codes with similar effective rates include 65336 (0.73%) and 63106 (0.73%).

In New London, property taxes represent approximately 1.8% of the median household income of $63,462, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property to market value at sale with no state-mandated cap, meaning your tax bill may jump substantially from the prior owner's amount. Ralls County provides a Homestead Exemption and Senior Exemption program — apply with the Ralls County Assessor within 30 days of purchase to lock in eligibility. Request a copy of your assessment notice and review it for accuracy; contact the Ralls County Assessor's office if the appraised value exceeds comparable sales.