63966 Property Tax Rate

Property owners in ZIP code 63966 (Wappapello, Missouri) pay a median of $834/year in property taxes on homes valued at $116,400. This translates to an effective tax rate of 0.72%, which is 8% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 63966 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County. This is $542 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 63966 has lower property taxes. ZIP codes with similar effective rates include 64624 (0.72%) and 65239 (0.72%).

In Wappapello, property taxes represent approximately 1.5% of the median household income of $56,364, 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.