Missouri

Missouri has an effective property tax rate of 0.88%, with a median annual property tax of $2,060. Properties are assessed at 19.0% of market value and reassessed every 2 years (odd-numbered years; reassessment notices sent in even-numbered years prior to january 1). Payments are due annual.

Effective Rate

0.88%

Assessment Ratio

19.0%

Median Annual Tax

$2,060

Payment Frequency

Annual

Appeal Deadline

By the second Monday in July to County Board of Equalization after receiving assessment notice

Due Dates

Due December 31; delinquent after December 31. Some counties offer installment plans.

Reassessment Cycle

Every 2 years (odd-numbered years; reassessment notices sent in even-numbered years prior to January 1)

Homestead Exception

Tax credit (not exemption) for seniors (65+) and disabled: up to $750 credit based on income (for renters and homeowners). No standard homestead exemption.

Key Notes

Assessment ratio is 19% for residential; 32% for commercial; 12% for agricultural. Hancock Amendment limits revenue growth. Reassessment in odd years with notices. State law requires revenue-neutral rate adjustments.

Late Penalty

1% per month (starting January 1) plus potential collection fees and auction costs

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