Property Tax Rates & Rules
Missouri has an average effective property tax rate of 0.83%, making it a mid-range property tax state. On a median-valued home of $245,000, the typical annual property tax bill is $2,033. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Homestead Preservation Credit and proposed SJR 73 (mortgage-free exemption). Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Residential property is assessed at 19% of its true value in money.
Homestead Exemption Details
Homestead Preservation Credit and proposed SJR 73 (mortgage-free exemption).
Senior Exemption Details
Missouri Property Tax Credit (Circuit Breaker) for low-income seniors 65+.
How to Appeal Your Assessment
Appeal to County Board of Equalization by second Monday in July.
What is the property tax rate in Missouri?
Missouri has an average effective property tax rate of 0.83%. On a home valued at $245,000, the typical annual property tax bill is approximately $2,033. Rates vary by county — St. Louis County has the highest rates while Shannon has the lowest.
Does Missouri have a homestead exemption?
Yes. Missouri offers a homestead exemption for primary residences. Homestead Preservation Credit and proposed SJR 73 (mortgage-free exemption).
How is property assessed in Missouri?
Missouri assesses property at 19%. Residential property is assessed at 19% of its true value in money. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Missouri?
Appeal to County Board of Equalization by second Monday in July.
Are there senior property tax exemptions in Missouri?
Yes. Missouri offers property tax relief for senior citizens. Missouri Property Tax Credit (Circuit Breaker) for low-income seniors 65+.
When are property taxes due in Missouri?
Missouri property taxes are paid on a Due by December 31 annually.. Contact your county tax collector for exact due dates and payment options for your area.
How does Missouri property tax compare to neighboring states?
Missouri's average effective rate of 0.83% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Missouri Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.