64035 Property Tax Rate

Property owners in ZIP code 64035 (Hardin, Missouri) pay a median of $1,147/year in property taxes on homes valued at $118,000. This translates to an effective tax rate of 0.97%, which is 25% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 64035 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Ray County. This is $229 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 64035 has lower property taxes. ZIP codes with similar effective rates include 64108 (0.97%) and 64689 (0.97%).

In Hardin, property taxes represent approximately 1.4% of the median household income of $84,318, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property to fair market value at sale with no statewide cap, meaning your assessed value will reflect your purchase price rather than any lower prior valuation. Ray County provides a Homestead Property Tax Exemption for primary residences that reduces taxable assessed value — file your claim with the Ray County Assessor's Office to receive this tax relief. File your homestead exemption application with the Ray County Assessor within 30 days of closing to ensure it applies to your first tax bill.