63655 Property Tax Rate

Property owners in ZIP code 63655 (Marquand, Missouri) pay a median of $981/year in property taxes on homes valued at $172,200. This translates to an effective tax rate of 0.57%, which is 27% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63655 is approximately $82, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $395 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63655 has higher property taxes. ZIP codes with similar effective rates include 64430 (0.57%) and 63876 (0.57%).

In Marquand, property taxes represent approximately 1.7% of the median household income of $58,734, 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.