Missouri variant. This is a Missouri-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Missouri's effective property tax rate of 0.97% means the owner of a median $230,000 home pays roughly $2,231 per year - a figure that varies widely by state.
How Missouri property tax is calculated
Property tax = assessed value × local millage rate. The 0.97% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $230,000 Missouri median home, that works out to about $2,231/year or $186/month - often escrowed into your mortgage payment.
About taxes and housing in Missouri
Missouri has a graduated income tax with a low top rate, and some cities impose a local earnings tax.
Missouri property taxes are near the national average and include a personal property tax on vehicles.
Missouri's economy centers on transportation, agriculture, and manufacturing, anchored by the St. Louis and Kansas City metro areas.
Worked example: tax on a $230,000 home
$230,000 × 0.97% = $2,231 per year. A $500,000 home in Missouri would owe about $4,850 annually at the same effective rate.
Quick reference
- State income tax: 2-4.8% across 8 brackets
- State sales tax: 4.225% (plus 4.13% avg local)
- Median home value: $230,000
- Median household income: $65,920
- Effective property tax rate: 0.97%
- Avg auto insurance: $1,700/yr
Frequently Asked Questions
What is the property tax rate in Missouri?
Missouri's effective property tax rate averages 0.97% of market value per year.
How much property tax on a $230,000 home in Missouri?
About $2,231 per year at the 0.97% effective rate.