65059 Property Tax Rate

Property owners in ZIP code 65059 (Mokane, Missouri) pay a median of $845/year in property taxes on homes valued at $233,000. This translates to an effective tax rate of 0.36%, which is 53% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65059 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Callaway County. This is $531 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 65059 has lower property taxes. ZIP codes with similar effective rates include 63557 (0.36%) and 65746 (0.37%).

In Mokane, property taxes represent approximately 1.1% of the median household income of $74,167, providing context for the relative tax burden on homeowners in this area.

Missouri has no statewide property tax cap; your assessed value can increase annually without limit, and the Callaway County Assessor will reassess at market value upon sale. The Homestead Property Tax Credit exempts up to $15,000 of assessed value for primary residences and saves eligible homeowners hundreds annually — apply with Callaway County by the state deadline. Contact the Callaway County Assessor's office within 60 days of purchase to verify your assessment and request a Homestead Certificate to lock in the exemption.