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State tax pages
Take a state tax expedition. Each of the states has its own way of gathering revenues from its residents. |
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Missouri
Missouri collects state taxes at rates ranging from 1.5 percent to 6 percent, assessed over 10 income brackets. More on Show Me State taxes can be found in the tabbed pages below.
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Income |
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Sales |
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Property |
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Estate |
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Other |
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| Personal income tax |
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Missouri's income tax system covers 10 tax brackets:
-- 1.5 percent on the first
$1,000 of taxable income
-- 2 percent on taxable
income between $1,001 and
$2,000
-- 2.5 percent on taxable
income between $2,001 and
$3,000
-- 3 percent on taxable
income between $3,001 and
$4,000
-- 3.5 percent on taxable
income between $4,001 and
$5,000
-- 4 percent on taxable
income of $5,001 and $6,000
-- 4.5 percent on taxable
income of $6,001 and $7,000
-- 5 percent on taxable
income of $7,001 and $8,000
-- 5.5 percent on taxable
income of $8,001 and $9,000
-- 6 percent on taxable
income of $9,001 and above. |
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Residents of the "Show Me State"
have to file state tax returns by April 15 or the next business day if that date falls on a weekend or holiday. |
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The Missouri Department of Revenue Web site has an online calculator to help filers figure their tax liability. |
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Some
pension recipients may be
eligible for a state exemption
of up to $6,000 or 35 percent
of taxable public pension
money, not to exceed the
taxpayer's maximum Social
Security benefit. |
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| Sales tax |
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Missouri's sales tax rate for most
items is 4.225 percent. |
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Additional
local levies may apply.
Missouri's Department of
Revenue offers a listing
of current city and county
sales and use tax rates,
as well as listings for
previous years.
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| Personal and real property taxes |
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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;
- The total of the tax rates that have been set by the
governing bodies of local governments where the
property is located, plus the three cent (per $100 valuation)
state tax rate.
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| Some personal property is exempt,
including household goods, inventories, apparel and
items of personal use and adornment. Exempt real estate includes
property owned by governments and property used as nonprofit
cemeteries, exclusively for religious worship, for schools and
colleges and for purely charitable purposes. |
| The Missouri
Property Tax Credit Claim is a program to give credit to
certain senior citizens and 100 percent disabled individuals
for a portion of the real estate taxes or rent they have paid
for the year. The credit is for a maximum of $750 and can only
be claimed on the home they occupied during the period being
claimed. The actual credit is based on the amount of real estate
taxes or rent paid and total household income. |
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The
Homestead Preservation Act allows qualified senior citizens
and totally disabled individuals a credit on their real estate
property tax. |
| Inheritance and estate taxes |
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Missouri
has no inheritance tax. |
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Because
the IRS will not allow a state
death tax credit for deaths
after Jan. 1, 2005, no Missouri
estate tax is imposed
and no estate tax return is
required for deaths occurring
after that date. |
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| For more information, visit the
Missouri Department of Revenue's Web
site. |
| To download
tax forms on this site, you will need to install a
free copy
of Adobe Acrobat Reader. Click here for instructions. |
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