Property Taxes in Missouri
Missouri's effective property tax rate is 0.88%, ranking #28 out of 50 states (1 = lowest). The median annual property tax paid is $1,676.
Missouri assesses residential property at 19% of appraised value, with local tax rates varying significantly between jurisdictions. St. Louis County has some of the highest effective property tax rates in the state due to the large number of overlapping school, fire, and library districts. Jackson County (Kansas City) recently underwent a controversial reassessment that increased many property values substantially. Missouri does not offer a traditional homestead exemption, but seniors 65+ may qualify for a property tax credit through the state income tax return.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.88%
Median Annual Tax
$1,676
National Rank
#28 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,760 | $147 |
| $300,000 | $2,640 | $220 |
| $400,000 | $3,520 | $293 |
| $500,000 | $4,400 | $367 |
| $750,000 | $6,600 | $550 |
* Based on the average effective rate of 0.88%. Actual rates vary by county and municipality.
Homestead Exemption in Missouri
Up to $15,000
File for the homestead exemption after purchasing your primary residence in Missouri to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Missouri Compares
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