64858 Property Tax Rate

Property owners in ZIP code 64858 (Racine, Missouri) pay a median of $2,227/year in property taxes on homes valued at $266,400. This translates to an effective tax rate of 0.84%, which is 7% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 64858 is approximately $186, which factors into escrow payments on mortgages. This ZIP code is located within Newton County. This is $851 more than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 64858 has higher property taxes. ZIP codes with similar effective rates include 64077 (0.84%) and 65566 (0.83%).

Missouri reassesses property at market value upon sale, with no statewide cap on increases—your tax bill may rise significantly after purchase. Newton County offers a Homestead Exemption and Senior Exemption (age 65+) that reduce assessed value; contact the Newton County Assessor's office to file before the next assessment cycle. Request your property record from the Newton County Assessor to verify the assessed value and file a challenge within 30 days if it exceeds fair market value.