64096 Property Tax Rate

Property owners in ZIP code 64096 (Waverly, Missouri) pay a median of $1,208/year in property taxes on homes valued at $117,100. This translates to an effective tax rate of 1.03%, which is 33% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 64096 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Lafayette County.

Compared to similar ZIP codes in Missouri, 64096 has higher property taxes. ZIP codes with similar effective rates include 63304 (1.03%) and 63541 (1.03%).

In Waverly, property taxes represent approximately 2.2% of the median household income of $56,172, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property at market value upon sale, with no statewide annual increase cap, so your tax bill will reset based on your purchase price rather than the prior owner's valuation. Lafayette County provides a Homestead Property Tax Exemption for owner-occupied primary residences that reduces taxable assessed value — file your claim with the Lafayette County Assessor's Office to receive this exemption. File your homestead exemption application with the Lafayette County Assessor within the required timeframe after purchase to lock in this tax benefit.