Mexico, Monroe County, Missouri Property Taxes
Property Taxes in Mexico, Missouri
Median Mexico, Missouri effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, and lower than the Missouri state median of 1.25%.
Median Mexico, Missouri home value: $78,600
Median annual Mexico, Missouri tax bill: $679, lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Mexico, Missouri are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mexico's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mexico, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mexico, Monroe County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$715
$664
How Does the Mexico Property Tax Calculator Work?
Use this Mexico property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mexico's median effective tax rate of 0.91% — based on actual property records in Monroe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mexico's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Mexico: rates range from 0.91% in 65265 to 0.91% in 65265, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mexico.
About Mexico Property Taxes
About Property Taxes in Mexico, Monroe, Missouri
Mexico's median effective property tax rate of 0.91% is lower than the Missouri state median of 1.25% and lower than the national median of 1.02%. This rate reflects the Monroe County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Mexico. Homeowners in the 65265 ZIP code carry a median effective rate of 0.91%, while those in the same ZIP also pay 0.91%. This reflects how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Mexico you live in can make a meaningful difference to your annual tax bill.
Mexico homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before July 10, 2025.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mexico, Monroe County, Missouri
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Mexico's effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mexico Tax Rate
0.91%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monroe County Tax Rate
1.07%
Median Effective Missouri Tax Rate
1.25%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mexico, Monroe County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65265 | 0.78% | 0.82% | 0.91% | 1.01% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Mexico, Monroe County, Missouri
When examining property taxes in Mexico, Missouri, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Monroe County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mexico.
For example, the median home price in Mexico is $78,600, with tax bills ranging significantly across the county. Zip code 65265 has the highest median home price at $78,600.
Property Tax Assessment Values Across Mexico, Monroe County, Missouri
Source: Ownwell
$7,700
$75,300
$142,900
Median Mexico Market Value
$78,600
Median Monroe County Market Value
$50,200
Median Missouri Market Value
$136,526
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mexico, Monroe County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65265 | $27,460 | $47,300 | $78,600 | $118,700 | $166,920 |
Source: Ownwell
Property Tax Bills Across Mexico, Monroe County, Missouri
Property tax bills in Mexico are calculated from the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is based on the market value of the property, and that figure is multiplied by the applicable rate to determine the bill. For homeowners in Mexico, the median home price is $78,600, which helps explain why tax bills can vary widely from one property to another.
Several factors affect the final amount, including the home’s assessed value, local levies, and any exemptions that may apply. In Monroe County, the median tax bill is $679.00 in zip code 65265, while the 25th percentile tax bill is $422 and the 75th percentile is $1,100. The 90th percentile reaches $1,548, showing how higher-value or more heavily taxed homes can face much larger bills.
For homeowners, property taxes are a recurring cost that can significantly affect monthly housing affordability and long-term ownership expenses.
Median Mexico Tax Bill
$679
Median Monroe County Tax Bill
$522
Median Missouri Tax Bill
$1,684
Median United States Tax Bill
$2,400
Property Tax Bills Across Mexico, Monroe County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65265 | $227 | $422 | $679 | $1,100 | $1,548 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 10 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | monroecountycollector.com |