65074 Property Tax Rate

Property owners in ZIP code 65074 (Russellville, Missouri) pay a median of $1,369/year in property taxes on homes valued at $167,400. This translates to an effective tax rate of 0.82%, which is 5% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65074 is approximately $114, which factors into escrow payments on mortgages. This ZIP code is located within Moniteau County.

Compared to similar ZIP codes in Missouri, 65074 has lower property taxes. ZIP codes with similar effective rates include 64480 (0.82%) and 65240 (0.82%).

In Russellville, property taxes represent approximately 1.8% of the median household income of $76,622, 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—Moniteau County's 0.76% effective rate will apply to your new assessed value. Moniteau County provides a Homestead Exemption and Senior Exemption for residents 65 and older; file your application with the Moniteau County Assessor immediately after closing. Review your assessment notice carefully and file a formal appeal with the Moniteau County Assessor within 30 days if you believe the valuation is incorrect.