63536 Property Tax Rate

Property owners in ZIP code 63536 (Downing, Missouri) pay a median of $1,245/year in property taxes on homes valued at $127,400. This translates to an effective tax rate of 0.98%, which is 26% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63536 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Schuyler County.

Compared to similar ZIP codes in Missouri, 63536 has higher property taxes. ZIP codes with similar effective rates include 64028 (0.97%) and 64689 (0.97%).

In Downing, property taxes represent approximately 2.2% of the median household income of $57,708, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property to current market value when you purchase, with no state-imposed limits on tax increases, so expect a significant adjustment from the prior owner's bill. Schuyler County offers Homestead Exemption and Over-65 Senior Exemption programs — apply with the Schuyler County Assessor's office by the county's stated deadline to receive reductions on taxable value. Obtain your Assessment Notice, compare the appraised value to recent comparable sales in the county, and file a written appeal with the Schuyler County Board of Equalization if warranted.