63956 Property Tax Rate

Property owners in ZIP code 63956 (Patterson, Missouri) pay a median of $531/year in property taxes on homes valued at $176,600. This translates to an effective tax rate of 0.30%, which is 61% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63956 is approximately $44, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County. This is $845 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63956 has higher property taxes. ZIP codes with similar effective rates include 65461 (0.30%) and 65752 (0.31%).

In Patterson, property taxes represent approximately 1.0% of the median household income of $55,769, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property at market value upon sale with no statewide growth cap, so expect your assessed value to reflect the new purchase price rather than the prior owner's valuation. Wayne County provides a Homestead Property Tax Exemption for owner-occupied primary residences — contact the Wayne County Assessor's Office to file your claim and learn the specific exemption amount available in your area. File your homestead exemption application promptly after purchase to ensure the exemption applies to your first tax bill.