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 Rate Comparison
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