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More than 2,500 Missouri local governments rely on property
taxes levied on real property (real estate) and personal property.
The amount of property taxes imposed on any taxpayer is determined
by two separate factors
- The assessed value of their taxable property, as established
by the local assessor, and
- The total of the tax rates that have been set by the
several governing bodies of local governments where the
property is located, plus the three cent (per $100 valuation)
state tax rate.
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