63645 Property Tax Rate

Property owners in ZIP code 63645 (Fredericktown, Missouri) pay a median of $1,148/year in property taxes on homes valued at $151,200. This translates to an effective tax rate of 0.76%, which is near the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63645 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $228 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63645 has higher property taxes. ZIP codes with similar effective rates include 65041 (0.76%) and 63090 (0.76%).

In Fredericktown, property taxes represent approximately 2.0% of the median household income of $57,862, providing context for the relative tax burden on homeowners in this area.

Missouri law requires reassessment to current market value at sale without state-imposed annual caps, so your property tax obligation will reset based on the appraised or purchase value. Madison County residents qualify for Homestead Exemption and Over-65 Senior Exemption programs through the Madison County Assessor — file your application by the county deadline to reduce assessed value and secure tax relief. Obtain your formal Assessment Notice, compare the appraised value to recent arm's-length sales of similar properties, and file a protest with the Madison County Board of Equalization if warranted.