Income Tax

Missouri Income Tax: Graduated rate; highest is $274, plus 5.4% over $8,424. Taxpayers may deduct a portion of their federal income tax to determine state taxable income.

Missouri Corporate Income Tax: 6.25%; 50% of the federal taxes paid is subtracted from the net income to determine the net taxable income earned in Missouri. 

Sales Tax

Sales Tax Rate Comparison

Property Tax

Real Property Tax: Property tax rates are per $100 of Assessed Value. Assessed value is determined by multiplying appraised value x assessment rate (32% for commercial, 19% for Residential, 12% for Agricultural). 

Source: Cole County Assessor’s Office & MO Dept. of Revenue 

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