Property Taxes in Missouri: Rates, Exemptions, and How They Work (2026)
TL;DR
Missouri reassesses property every odd-numbered year. Residential property is assessed at 19% of market value, commercial at 32%, and agricultural at 12%. The average effective rate is about 0.88%. Missouri offers a Property Tax Credit (Circuit Breaker) for seniors 65+ and disabled residents. Appeals go through the county Board of Equalization, with further appeal to the State Tax Commission. The Hancock Amendment limits government revenue growth.
Assessment Ratios
| Property Type | Assessment Ratio |
|---|---|
| Residential | 19% |
| Commercial | 32% |
| Agricultural | 12% |
| Personal property | 33.33% |
Reassessment
County assessors reassess all property every odd-numbered year. Value changes take effect on January 1 of the assessment year. Assessment notices are mailed in the spring.
Exemptions and Relief
| Program | Benefit | Who Qualifies |
|---|---|---|
| Property Tax Credit (Circuit Breaker) | Up to $1,100 credit on state income tax | 65+ or disabled, income under $30,000 (single) or $34,000 (married) |
| Disabled Veterans | Full or partial exemption | Service-connected 100% disability |
Appeal Process
- Informal appeal: Contact the county assessor's office
- County Board of Equalization: File by the second Monday in July (St. Louis City has different rules)
- State Tax Commission: Appeal within 30 days of BOE decision
Missouri also taxes personal property (vehicles, boats, equipment). You must file a personal property assessment by March 1 each year.
Check your Missouri assessment with our free property tax analyzer.
Frequently Asked Questions
What should I know about property taxes in missouri: rates, exemptions, and how they work (2026)?
Missouri reassesses property every odd-numbered year. Residential property is assessed at 19% of market value, commercial at 32%, and agricultural at 12%. The average effective rate is about 0.88%.
What should I know about reassessment?
County assessors reassess all property every odd-numbered year. Value changes take effect on January 1 of the assessment year. Assessment notices are mailed in the spring.
What is the process for appeal process?
Missouri also taxes personal property (vehicles, boats, equipment). You must file a personal property assessment by March 1 each year.