An article published online by the Missouri Department of Revenue (MDR) today details the property taxes in Missouri.
According to the MDR, Missouri is ranked #1 for the highest property tax rates in the nation.
For instance, Missouri has the third highest property taxes per $1,000,000 of income in the country, according to the most recent Tax Foundation analysis.
Property taxes are a tax levied on your home and are assessed at the time you purchase it.
Your Missouri property tax is the total tax collected from all of your property, not just your home.
The amount of tax you owe on your property depends on your income, your net worth, your property tax assessment, and other factors.
Property taxes in general are not a tax that you pay when you purchase a home.
Instead, they are paid on the sale of your home by your lender.
Here are the top ten states for Missouri property taxes.1.
New York, NY2.
North Carolina, NC9.