65340 Property Tax Rate

Property owners in ZIP code 65340 (Marshall, Missouri) pay a median of $1,220/year in property taxes on homes valued at $151,700. This translates to an effective tax rate of 0.80%, which is 3% above the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65340 is approximately $102, which factors into escrow payments on mortgages. This ZIP code is located within Saline County.

Compared to similar ZIP codes in Missouri, 65340 has lower property taxes. ZIP codes with similar effective rates include 65040 (0.81%) and 63855 (0.81%).

In Marshall, property taxes represent approximately 2.2% of the median household income of $56,534, 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—Saline County's 0.84% effective rate means your $2,111 median tax bill may rise at purchase. Saline County offers Homestead Exemption and Senior Exemption (65+); file with the Saline County Assessor within 30 days of closing to reduce taxable value. Contact the Saline County Assessor immediately for your assessment and file a written protest within 30 days if the appraised value exceeds fair market value.