65064 Property Tax Rate

Property owners in ZIP code 65064 (Olean, Missouri) pay a median of $716/year in property taxes on homes valued at $117,900. This translates to an effective tax rate of 0.61%, which is 22% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65064 is approximately $60, which factors into escrow payments on mortgages. This ZIP code is located within Miller County. This is $660 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 65064 has higher property taxes. ZIP codes with similar effective rates include 65785 (0.61%) and 65016 (0.61%).

In Olean, property taxes represent approximately 1.1% of the median household income of $67,361, 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—your assessed value will typically reset to the current market price. Miller County offers Homestead Exemption and Senior Exemption (age 65+) programs; contact the Miller County Assessor's office to file within 30 days of purchase. Request your property assessment from the Miller County Assessor and file a timely written protest if the assessed value does not reflect fair market value.