65265 Property Tax Rate

Property owners in ZIP code 65265 (Mexico, Missouri) pay a median of $1,140/year in property taxes on homes valued at $127,500. This translates to an effective tax rate of 0.89%, which is 15% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65265 is approximately $95, which factors into escrow payments on mortgages. This ZIP code is located within Audrain County. This is $236 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 65265 has lower property taxes. ZIP codes with similar effective rates include 64469 (0.89%) and 64631 (0.89%).

In Mexico, property taxes represent approximately 2.1% of the median household income of $54,387, 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 Audrain 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 Audrain County by the state deadline. Contact the Audrain County Assessor's office within 60 days of purchase to verify your assessment and request a Homestead Certificate to lock in the exemption.