65040 Property Tax Rate

Property owners in ZIP code 65040 (Henley, Missouri) pay a median of $1,540/year in property taxes on homes valued at $191,300. This translates to an effective tax rate of 0.81%, which is 3% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65040 is approximately $128, which factors into escrow payments on mortgages. This ZIP code is located within Cole County.

Compared to similar ZIP codes in Missouri, 65040 has lower property taxes. ZIP codes with similar effective rates include 63855 (0.81%) and 63857 (0.81%).

In Henley, property taxes represent approximately 1.8% of the median household income of $87,434, providing context for the relative tax burden on homeowners in this area.

Missouri reassesses property at market value upon sale, with no statewide cap on increases—Cole County will establish a new tax basis at your purchase price. Cole County residents qualify for Homestead Exemption and Senior Exemption (age 65+); file with the Cole County Assessor's office within 30 days of closing. Request your official property assessment from the Cole County Assessor and submit a formal appeal within 30 days if you dispute the appraised value.