64720 Property Tax Rate

Property owners in ZIP code 64720 (Adrian, Missouri) pay a median of $1,022/year in property taxes on homes valued at $163,100. This translates to an effective tax rate of 0.63%, which is 19% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 64720 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Bates County. This is $354 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 64720 has higher property taxes. ZIP codes with similar effective rates include 63758 (0.63%) and 65708 (0.63%).

In Adrian, property taxes represent approximately 1.4% of the median household income of $72,619, providing context for the relative tax burden on homeowners in this area.

Missouri has no statewide property tax increase cap; assessments at sale reset to current market value and may increase annually. Bates County offers a Homestead Exemption and Senior Citizen exemption—file with the Bates County Assessor's office to reduce your taxable base. Request a preliminary assessment from the Bates County Assessor and file any exemption paperwork before the county deadline to ensure immediate relief.