63877 Property Tax Rate

Property owners in ZIP code 63877 (Steele, Missouri) pay a median of $1,166/year in property taxes on homes valued at $151,100. This translates to an effective tax rate of 0.77%, which is near the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63877 is approximately $97, which factors into escrow payments on mortgages. This ZIP code is located within Pemiscot County. This is $210 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63877 has lower property taxes. ZIP codes with similar effective rates include 63440 (0.77%) and 64740 (0.77%).

In Steele, property taxes represent approximately 2.6% of the median household income of $45,483, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses all property at market value upon sale, meaning your tax obligation will be based on your purchase price regardless of the prior owner's tax history. Pemiscot County offers a Homestead Property Tax Exemption for primary residences that provides a reduction in assessed value — contact the Pemiscot County Assessor's Office to file your exemption claim and learn the specific amount you qualify for. File your homestead exemption application immediately after closing to lock in this tax relief.