Overview of Missouri Taxes
The average effective property tax rate in Missouri is 0.99%. That comes in a bit lower than the national average, which currently stands at 1.08%. The state's median annual property tax payment is $1,435.
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To calculate the exact amount of property tax you will owe requires your property's assessed value and the property tax rates based on your property's address. Please note that we can only estimate your property tax based on median property taxes in your area. There are typically multiple rates in a given area, because your state, county, local schools and emergency responders each receive funding partly through these taxes. In our calculator, we take your home value and multiply that by your county's effective property tax rate. This is equal to the median property tax paid as a percentage of the median home value in your county.
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Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public Accountant with more than 30 years of experience providing tax advice. SmartAsset’s tax expert has a degree in Accounting and Business/Management from the University of Wyoming, as well as both a Masters in Tax Laws and a Juris Doctorate from Georgetown University Law Center. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. She is passionate about helping provide people and businesses with valuable accounting and tax advice to allow them to prosper financially. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program.
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Missouri Property Tax Rates
Property taxes in Missouri are a key source of revenue for local governments. They help pay for schools, law enforcement, city administration and other important local services. In comparison to other states, however, property taxes in Missouri are not especially high.
The state’s average effective property tax rate is 0.99%, somewhat lower than the national average of 1.08%. Rates in Missouri vary significantly depending on where you live, though. In St. Louis County, for example, the average effective tax rate is 1.41%. In Shannon County the rate is just 0.39%.
Are you not yet a resident of Missouri, but looking to become one? Take a look at our Missouri mortgage guide page to learn all the details about getting a mortgage in Missouri.
A financial advisor in Missouri can help you understand how homeownership fits into your overall financial goals. Financial advisors can also help with investing and financial plans, including taxes, homeownership, retirement and more, to make sure you are preparing for the future.
How Missouri Property Taxes Work
Taxes on residential real estate in Missouri are due by Dec. 31 of each year. Taxes paid after that date are subject to a 10% penalty. How much you owe in property taxes depends on your home’s assessed value and the total tax rate in your area.
Real estate in Missouri is reassessed once every two years (each odd-numbered year). Assessors determine market values using one of several techniques. The most common technique relies on the sale prices of nearby comparable properties as well as general attributes of your home, such as size and whether or not you have a garage.
Once market value has been determined, the Missouri assessment rate of 19% is applied. That means that assessed value should equal to 19% of market value. For example, if your home is worth $200,000, your assessed value will be $38,000. Your total tax rate applies to that $38,000.
Missouri Property Tax Rates
Tax rates in Missouri are set by a variety of local tax authorities. The rate you pay is the total of all the rates for all the districts that cover your home. Rates are expressed per $100 in assessed value.
For example, if your total rate is $5.70 and your home has an assessed value of $20,000, your total property taxes due will be $1,140.
Instead of looking at rates per assessed value, it can be useful to look at taxes paid as a percentage of home value. This is called an effective tax rate, which is a county’s median annual property tax paid as a percentage of its median home value. The table below shows the average effective tax rate for every county in Missouri.
|County||Median Home Value||Median Annual Property Tax Payment||Average Effective Property Tax Rate|
|St. Louis city||$101,400||$391||0.39%|
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St. Louis County
Missouri’s most populous county, St. Louis County has the highest property tax rate of any county in Missouri. The county’s average effective property tax rate is 1.41%, well above both state and national averages. It also has the third highest median home value at $181,100.
A typical resident pays an annual property tax bill of $2,552. That ranks it among the top three most expensive counties in Missouri when it comes to property tax payments.
If you have questions about how property taxes can affect your overall financial plans, a financial advisor in St. Louis can help you out.
Jackson County is located in western Missouri and is a part of the Kansas City metropolitan area. The average effective tax rate in Jackson County is just under 1.38%, which ranks second in the state of Missouri.
St. Charles County
The typical homeowner in St. Charles County pays $2,557 annually in property taxes, the second highest amount of any county in Missouri. That is more than $1,100 higher than the state average.
Situated on the Missouri River north of Kansas City, Clay County has the third highest property tax rate of any county in Missouri. The average effective tax rate in Clay County is 1.35%. At that rate, the annual taxes due on a home worth $150,000 would be $2,025.
This eastern Missouri county has among the lowest property tax rates of any county in the St. Louis area. Jefferson County’s average effective property tax rate is 0.91%, which is less than the rates in Franklin County, St. Louis County and St. Charles County.
Boone County is located in central Missouri and contains the state’s fifth largest city, Columbia. The median annual property tax in Boone County is $1,701, seventh highest in the state. School districts are among the largest recipients of that tax revenue. For example, while the rate for the city of Columbia is $0.41 per $100 of assessed value, the rate for Columbia Public Schools is $6.14.
If you want to buy a house in Missouri, but don’t want to pay much in property taxes, Jasper County may be a good place to look. The median annual property tax payment in Jasper County is $891. Rates in Jasper County are likewise relatively low. The county’s average effective tax rate is 0.79%.
The 10th most populous county in Missouri, Franklin County has property tax rates slightly below the state average. The county’s average effective property tax rate is 0.89%. At that rate, a homeowner with a home worth $150,000 would owe $1,335 annually in property taxes.
Located in western Missouri, Cass County has the 11th highest property tax rate in Missouri. The Cass County average effective property tax rate is 1.07%. That's above the state average of 0.99%, but is nearly equal with the 1.08% national average.
Property Tax: Which Counties are Getting the Best Bang for Their Buck
SmartAsset’s interactive map highlights the places across the country where property tax dollars are being spent most effectively. Zoom between states and the national map to see the counties getting the biggest bang for their property tax buck.
Our study aims to find the places in the United States where people are getting the most for their property tax dollars. To do this we looked at school rankings, crime rates and property taxes for every county.
As a way to measure the quality of schools, we analyzed the math and reading/language arts proficiencies for every school district in the country. We created an average score for each district by looking at the scores for every school in that district, weighting it to account for the number of students in each school. Within each state, we assigned every county a score between 1 and 10 (with 10 being the best) based on the average scores of the districts in each county.
For each county, we calculated the violent and property crimes per 100,000 residents.
Using the school and crime numbers, we calculated a community score. This is the ratio of the school rank to the combined crime rate per 100,000 residents.
We used the number of households, median home value and average property tax rate to calculate a per capita property tax collected for each county.
Finally, we calculated a tax value by creating a ratio of the community score to the per capita property tax paid. This shows us the counties in the country where people are getting the most bang for their buck, or where their property tax dollars are going the furthest.
Sources: US Census Bureau 2017 American Community Survey, Department of Education, Federal Bureau of Investigation, State Police or Justice Department websites