64767 Property Tax Rate

Property owners in ZIP code 64767 (Milo, Missouri) pay a median of $582/year in property taxes on homes valued at $139,900. This translates to an effective tax rate of 0.42%, which is 47% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 64767 is approximately $49, which factors into escrow payments on mortgages. This ZIP code is located within Vernon County. This is $794 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 64767 has lower property taxes. ZIP codes with similar effective rates include 65772 (0.42%) and 63626 (0.41%).

In Milo, property taxes represent approximately 1.2% of the median household income of $47,750, providing context for the relative tax burden on homeowners in this area.

Missouri has no state property tax cap; your home reassesses to purchase price at sale, then the assessor may increase it annually without restriction. Vernon County provides Homestead Exemption and Senior exemption programs—apply with the Vernon County Assessor's office by the county deadline to reduce your taxable value. Request a written assessment certificate from the Vernon County Assessor documenting your exemption and base year value.