Missouri Property Tax Calculator

Our Missouri property tax calculator calculates the taxes you’ll pay after buying a property. Make better property purchase decisions.

  • County tax
    $ 4,250
  • County tax rate
    0.85%
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Missouri Property Tax

Property tax rates in Missouri can vary greatly across different counties and municipalities, but overall effective rates tend to be lower than the national average.

While some towns and cities in Missouri may impose higher property tax rates, statewide property taxes tend to be lower compared to other states.

However, property values and assessment methods can still lead to high total property tax bills for some homeowners.

For 2022, the average nationwide effective property tax rate was 1.10%. By comparison, Missouri had an effective rate of only 0.93% statewide.

But specific counties and cities in Missouri may be considerably higher than the average rate.

The median property tax payment for Missouri homeowners was $2,312 in 2019, below the US median of $3,199.

Missouri Property Tax Law

Property taxes in Missouri are determined by the property’s assessed value, which is set by the county assessor based on the property’s fair market value.

When you acquire a house in Missouri, the assessed value is set at a percentage of market value determined by the state tax commission. This assessed value may increase by no more than 15% over the prior year.

Failure to pay your Missouri property taxes can result in penalties and interest added by your county.

If delinquent taxes remain unpaid for 3 years, the county may sell a tax lien against your home in a public auction.

If the lien is not redeemed after 2 years, the purchaser can acquire the property title.

Frequently Asked Questions

What is property tax?

Property tax is a tax you pay when you buy a house or property. The amount you pay depends on the property’s value and type. It’s a way for the government to collect money to fund public services.

What factors influence the property tax rate?

The property tax rate is influenced by several factors, including property value, local tax rates, property type, tax exemptions and deductions, local budgets, and economic conditions.

These factors can interact and vary significantly from one location to another, leading to differences in property tax rates.

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