Missouri has an average effective property tax rate of 0.88%, slightly lower than the national average of 0.99%. However, rates in Missouri vary significantly depending on where you live. In St. Louis County, for example, the average effective tax rate is 1.45%.
St. Louis City residents pay an average of 2.16% of their annual income in property taxes, which is ranked 1281 out of 3,143 counties in terms of property taxes as a percentage of median income. It's not possible to condense the property tax rate into a single figure, as you might do with an income or sales tax. To estimate your annual property tax, you can use the St.
Louis City Property Tax Estimator Tool. This tool is based on the median property tax that applies to similar homes in St. Louis City and can help you compare your current valuation with similar properties in the area. The amount of property tax due is determined by the fair market value of the home or property in question, as determined by St. Louis City's tax appraiser's office.
If you believe that the value determined by the office is incorrect, you have the right to appeal and request a reassessment. Supporting documentation such as prior appraisals, expert opinions, and similar property appraisals can be attached to the appeal. If no further administrative appeals can be filed, you can appeal your St. Louis City Tax Assessment in Courts. The Louis City tax appraiser is responsible for evaluating the fair market value of properties in St.
Louis City and the determination of the property tax rate to be applied. The tax advisor's office can also provide property tax history or property tax records for a property. In cases of extreme delinquency in property taxes, St. Louis City's Tax Board can seize delinquent property and put it up for sale in a public foreclosure auction, often at a price well below market value. The proceeds from the sale are first used to pay the tax lien on the property and any additional profits can be remitted to the original owner. St.
Louis City's housing exemption can lower the assessed valuation of a primary residence before calculating the property tax due, resulting in a lower annual property tax rate for owner-occupied homes. Obtaining a housing exemption can also help protect your home from being foreclosed in the event of a property tax lien due to non-payment of taxes or other types of debt. You may be able to deduct 100% of your St. Louis City property taxes from your taxable income on your federal income tax return as an itemized deduction. Missouri may also allow you to deduct part or all of your amount of St.
Louis City property taxes on your Missouri income.