The rate in context
On a $400,000 home, 0.89% means roughly $3,560 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
Reassessment happens every two years; the Hancock Amendment requires voter approval for levy increases that would grow revenue faster than inflation.
Sources: Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. County-level rates vary; your county page has local detail.
Counties in Missouri
FAQ
What is the average property tax rate in Missouri?
The average effective property tax rate in Missouri is about 0.89%, per Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. Individual counties vary above and below that average.
How do Missouri property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. Reassessment happens every two years; the Hancock Amendment requires voter approval for levy increases that would grow revenue faster than inflation.