64641 Property Tax Rate

Property owners in ZIP code 64641 (Galt, Missouri) pay a median of $1,056/year in property taxes on homes valued at $121,900. This translates to an effective tax rate of 0.87%, which is 11% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 64641 is approximately $88, which factors into escrow payments on mortgages. This ZIP code is located within Grundy County. This is $320 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 64641 has higher property taxes. ZIP codes with similar effective rates include 63469 (0.87%) and 65264 (0.87%).

In Galt, property taxes represent approximately 2.3% of the median household income of $46,607, providing context for the relative tax burden on homeowners in this area.

Missouri allows county assessors to increase assessments annually without a statewide ceiling; your purchase price becomes the new base at sale. Grundy County offers Homestead Exemption and Senior Citizen exemption for owners 65 and older—file your claim with the Grundy County Assessor within 30 days of closing. Contact the Grundy County Assessor to verify your exemption amount and request notification of any future assessment changes.