63656 Property Tax Rate

Property owners in ZIP code 63656 (Middle Brook, Missouri) pay a median of $560/year in property taxes on homes valued at $128,800. This translates to an effective tax rate of 0.43%, which is 44% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63656 is approximately $47, which factors into escrow payments on mortgages. This ZIP code is located within Iron County. This is $816 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63656 has higher property taxes. ZIP codes with similar effective rates include 65050 (0.43%) and 63654 (0.44%).

In Middle Brook, property taxes represent approximately 1.0% of the median household income of $57,216, providing context for the relative tax burden on homeowners in this area.

Missouri requires full reassessment to market value at sale with no statewide cap on tax increases, so expect your property tax obligation to jump to reflect current fair market value. Iron County provides Homestead Exemption and Over-65 Senior Exemption programs — apply with the Iron County Assessor's office within 30 days of closing to secure relief on assessed value. Obtain your Assessment Notice, compare the appraised value to recent comparable sales in the area, and file a formal appeal with the Iron County Board of Equalization if the assessment appears too high.