Missouri Property Tax Calculator

Published on July 31st, 2025

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What is the Property Tax Rate in Missouri?

Based on HomeLight’s analysis of publicly available data, the average effective property tax rate for a primary residence in Missouri is approximately 0.79% of its estimated value. This is lower than the national average of 0.90%.

For example, with a 0.79% effective tax rate, a homeowner with a $287,500 home might pay around $2,271 in annual property taxes.

An effective property tax rate represents the actual percentage of a property’s market value that a homeowner pays in taxes, considering the assessed value and any exemptions or deductions.

Note: HomeLight’s Missouri property tax calculator provides a ballpark estimate for a primary residence using average rates. Your tax can vary based on location and the specific taxing districts (e.g., schools, fire districts, and libraries) that apply to your parcel.

Are There Property Tax Exemptions in Missouri?

Homeowners in Missouri may qualify for several property tax exemptions that can lower their tax bill. Common exemptions include senior and disability exemptions, which can reduce a homeowner’s tax liability by up to $1,100.

If you’re buying a home in Missouri, note that property tax exemptions do not automatically transfer from the previous owner. After the home changes hands, you’ll need to reapply based on your own eligibility.

When Are Missouri Property Taxes Due?

Taxes in Missouri are generally due annually on December 31. This can vary by municipality.

What Do Property Taxes Pay For in Missouri?

Local property taxes in Missouri pay for important local services, including:

Public schools
Police, fire, and EMS services
Roads, streets, and traffic signals
Parks, libraries, and community centers
City and county government operations
Infrastructure like water, sewer, and trash services
Repayment of local bond projects (such as transit and school improvements)

What Does It Cost to Buy a Home in Missouri?

How Much House Can You Afford?

Affordability in Missouri depends on your income, debt, credit score, and mortgage rate. With a median household income of around $68,545 in the Show Me State, a buyer might afford a home in the $200,000–$225,000 range using standard debt-to-income guidelines.

Use HomeLight’s Home Affordability Calculator to estimate your budget based on your income, debts, and current rates.

What Down Payment Will You Need in Missouri?

According to Visual Capitalist, the average down payment on a house in Missouri is 12.9%. However, down payment amounts vary widely depending on loan type and credit score. While 20% used to be the expected standard, many buyers put down between 5% and 15%, with 3% options available for FHA and some conventional first-time buyer loans.

For a $287,500 home, here’s what your down payment could look like:

3% down = $8,625
5% down = $14,375
10% down = $28,750
15% down = $43,125
20% down = $57,500

Try HomeLight’s Down Payment Calculator to see how different down payments affect your monthly payment and loan size.

How Much Are Closing Costs in Missouri?

Buyers in Missouri can expect to pay about 2% to 5% of the purchase price in closing costs. These may include:

Loan origination and underwriting fees
Title insurance and escrow fees
Appraisal and inspection costs
Prepaid property taxes and homeowners’ insurance
Filing and recording fees

For a $287,500 home, that means estimated closing costs of $5,750 to $14,375. Use HomeLight’s Closing Costs Calculator to get a personalized estimate based on your expected Missouri home purchase price.

How To Find a Trusted Missouri Real Estate Agent

An experienced Missouri agent can help you understand local tax rates, school districts, and development trends — and guide you toward neighborhoods that fit your lifestyle and budget.

HomeLight’s free Agent Match tool uses data from over 27 million transactions and thousands of verified reviews to match you with top Missouri agents based on proven performance. Tell us a little about your buying plans and get matched today with no obligation.

Additional resources when searching for a trusted buyer’s agent in Missouri:

Buying and Selling? Consider “Buy Before You Sell”

If you’re buying a new home in Missouri but need to sell your current property first, HomeLight’s Buy Before You Sell program can simplify the entire process. This modern solution helps you unlock equity from your current home so you can make a non-contingent offer on your new home — and only move once. Watch the short video below to see how it works.

At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.