Property Tax in Missouri (2026): Rates, Exemptions, and Real Numbers

Missouri Property Tax Rates by County

Highest and lowest effective rates within Missouri

Property Tax Calculator — Missouri

Pre-loaded with Missouri's 0.91% effective rate and $233,700 median price

Property Tax by City in Missouri

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Missouri Homestead Exemption

How Missouri Assesses Property Values

Assessment cycle: Biennial reassessment (odd years). Residential property assessed at 19% of fair market value.

Property Tax's Impact on Your True Monthly Cost

On a $233,700 home in Missouri

Property tax represents 10% of the true monthly cost in Missouri.

Mortgage Calculator Including Property Tax — Missouri

See your full PITI (principal, interest, taxes, insurance) payment

How Missouri's Property Tax Affects Affordability

$177/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Missouri

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Missouri?

Missouri's effective property tax rate is 0.91%, ranking #27 nationally. The median annual property tax bill is $2,127 ($177/month). Rates range from 0.44% in Shannon County to 1.37% in St. Louis City. Source: Tax Foundation Property Taxes by State 2024.

Does Missouri have a homestead exemption?

Yes — Missouri offers a homestead exemption for primary residences. Senior Property Tax Credit (Circuit Breaker): credits a portion of rent or property taxes paid for qualifying seniors 65+ and disabled persons with income under $30,000 (single) or $34,000 (married). No general homestead exemption for younger owners. Residential property assessed at 19% of true value in Missouri.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Missouri?

Missouri reassesses property on a biennial reassessment (odd years). residential property assessed at 19% of fair market value. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Missouri?

Property tax = Assessed Value × Mill Rate (or effective rate). In Missouri, the effective rate is 0.91% of market value. On a $233,700 home: $233,700 × 0.91% = $2,127/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Missouri?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Missouri?

Most lenders require an escrow account that collects $177/month ($2,127/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Missouri counties have the highest and lowest property taxes?

Missouri's highest effective rate is in St. Louis City at 1.37%. The lowest is Shannon County at 0.44%. That's a 0.93% spread — on a $233,700 home, the difference is $2,173/year.