Missouri housing costs at a glance
| Missouri | |
|---|---|
| Median home value (Zillow) | $268,000 |
| Average effective property tax | 0.85% |
| Typical rate for a new buyer (calculator default) | 1.0% |
| Average homeowners insurance ($300k dwelling) | $2,904 a year |
| 2026 conforming loan limit (one unit) | $832,750 |
Example: median-priced home
Missouri home for $268,000, 20% down, 6.5% 30-year fixed: principal and interest $1,355 + property tax $223 + insurance $242 = about $1,820 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Missouri property tax
Missouri assesses homes at 19% of market value and reassesses them every odd-numbered year. The average effective rate is about 0.85% of value, higher in St. Louis County and Kansas City (often 1.1%–1.4%) and much lower in rural counties. Tax bills come once a year and are due by December 31.
Other Missouri costs
- No transfer tax: Missouri does not tax real estate transfers.
- Insurance: about $2,900 a year on average, because of tornadoes, hail and severe storms.
- Kansas City and St. Louis also charge a 1% earnings tax; see the Missouri paycheck calculator.
Other states
See also the Missouri paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the property tax rate in Missouri?
About 0.85% of home value on average; 1.1% to 1.4% is common in the St. Louis and Kansas City areas.
What is the monthly payment on a median-priced Missouri home?
On a $268,000 home with 20% down at 6.5%, principal and interest are about $1,355; with property tax at 1.0% and average insurance the total is about $1,820 a month.
Does Missouri have a transfer tax?
No. Missouri does not charge a real estate transfer tax.
How often are homes reassessed in Missouri?
Every two years, in odd-numbered years, at 19% of market value.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Missouri State Tax Commission
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026