Missouri State Taxes

Quick Tax Facts

Income Tax: 0% – 5.3%
State Sales Tax: 4.225%
Median Property Tax: $1,265

Overview

Missouri (the Show Me State) offers its residents low-cost housing and a fairly low cost of living. If you’re into outdoor activities and sports, there’s also no shortage of parks or professional sports. In terms of taxes, Missouri is a mixed bag. Although it recently lowered its top income tax bracket to 4.95%, it doesn’t take much income to hit that mark. Sales taxes are on par with the national average. Property taxes, however, are just below average.

Missouri Income Tax

In 2022, Missouri Governor Mike Parson signed into law legislation that reduces the state’s top income tax rate from 5.2% to 4.95% for the 2023 tax year. Additionally, the bottom income tax bracket will be eliminated, allowing residents to earn their first $1,000 tax-free. The legislation also provides for an additional .15% rate reduction if the state’s net general revenues increase by more than $175 million, decreasing the top rate to 4.8% for 2024. Should future revenues also increase by $200 million or more, an additional .1% will be shaved off the top income tax rate until it reaches 4.5%.

The new law also eliminates the income tax burden for individuals making less than $13,000 annually or $26,000 for married couples.

2022 Missouri Individual Income Tax Rates

If your Missouri taxable income is:	The tax rate is:
$0 to $111	$0
At least $112 but not over $1,121	1.5%
Over $1,122 but not over $2,242	$17 plus 2.0% of income over $1,121
Over $2,242 but not over $3,363	$39 plus 2.5% of income over $2,242
Over $3,363 but not over $4,484	$67 plus 3.0% of income over $3,363
Over $4,484 but not over $5,605	$101 plus 3.5% of income over $4,484
Over $5,605 but not over $6,726	$140 plus 4.0% of income over $5,605
Over $6,726 but not over $7,847	$185 plus 4.5% of income over $6,726
Over $7,847 but not over $8,968	$235 plus 5.0% of income over $7,847
Over $8,968	$291 plus 5.3% of income over $8,968

Who Must File?

Missouri residents who are not required to file a federal income tax return are exempt from filing a state return (MO -1040), as well. Other instances when a taxpayer may not be required to file a state return, even if they have to file a federal one, include:

Those earning less than $1,200 in Missouri adjusted gross income (AGI);
Non-residents with less than $600 in Missouri income; or
Residents with AGI less than the amount of the standard deduction (see table below) for their filing status.

Filing Status	Gross Income
Single	$12,950
Single (over 65)	$14,700
Married Filing Jointly	$25,900
Married Filing Jointly (one over 65)	$27,300
Married Filing Jointly (both over 65)	$28,700
Head of Household	$19,400
Head of Household (over 65)	$21,150
Married Filing Separate	$12,950

Missouri Sales Tax

Missouri has a state sales tax rate of 4.225%. Local governments (cities and counties) levy an additional sales tax of up to 5.763%. The average combined rate (county) is 8.3% which is slightly above average.

Missouri Property Taxes

Missouri’s property tax rates are determined by two factors: (1) the assessed value of the taxpayer’s property, and (2) the total tax rates set by the local governing bodies where the property is located. Overall, Missouri falls into the middle of the pack in terms of how much residents pay annually when compared to other states.

The median property tax bill in Missouri is $1,265 (based on a median home value of $139,700). St. Charles County has the highest average annual bill at $2,377. The lowest average property tax bill in the state is $348 in Shannon County.

Missouri Property Tax
Highest	$2377
Median	$1265
Lowest	$348

Yearly Cost Per Resident

Missouri Tax Holidays

Missouri hosts two annual sales tax holidays.

Show Me Green Sales Tax Holiday– held April 19 through 25 annually since 2019. Exempts up to $1,500 in sales tax per qualifying Energy Star certified appliance.
Back-to-School Sales Tax Holiday – this tax holiday begins the first Friday in August and continues through the following Sunday. Eligible items include clothing ($100 or less per item), school supplies ($50 per purchase), computer software ($350 or less), personal computers ($not to exceed $1500), and graphing calculators ($150 or less).

Missouri Tax Resources

If you need assistance preparing your Missouri state taxes, you can speak with a tax professional from Tax Defense Network by calling 855-476-6920.

You can also visit the Missouri Department of Revenue website for additional resources.

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