64747 Property Tax Rate

Property owners in ZIP code 64747 (Garden City, Missouri) pay a median of $1,416/year in property taxes on homes valued at $223,500. 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 64747 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Cass County.

Compared to similar ZIP codes in Missouri, 64747 has higher property taxes. ZIP codes with similar effective rates include 65583 (0.63%) and 65438 (0.63%).

In Garden City, property taxes represent approximately 1.9% of the median household income of $73,472, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property to market value at sale with no statewide cap on tax increases, meaning your assessed value will reflect your purchase price and may be significantly higher than the prior owner's assessment. Cass County offers a Homestead Property Tax Exemption for primary residences that reduces assessed value — contact the Cass County Assessor's Office to file your exemption claim and determine the amount of tax relief available. Submit your homestead exemption application to the Cass County Assessor promptly after closing to ensure timely approval and application to your first bill.