65560 Property Tax Rate

Property owners in ZIP code 65560 (Salem, Missouri) pay a median of $832/year in property taxes on homes valued at $141,700. This translates to an effective tax rate of 0.59%, which is 25% below the Missouri state average of 0.78%.

The monthly property tax burden for a median-valued home in 65560 is approximately $69, which factors into escrow payments on mortgages. This ZIP code is located within Dent County. This is $544 less than the Missouri average of $1,376/year.

Compared to similar ZIP codes in Missouri, 65560 has higher property taxes. ZIP codes with similar effective rates include 65788 (0.59%) and 63869 (0.59%).

In Salem, property taxes represent approximately 1.6% of the median household income of $53,423, 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—Dent County will establish a new tax basis at your purchase price. Dent County residents qualify for Homestead Exemption and Senior Exemption (65+); file with the Dent County Assessor's office within 30 days of closing. Request your official assessment from the Dent County Assessor and file a formal written appeal within 30 days if the assessed value appears overstated compared to your purchase price.