Missouri Tax Rates, Collections, and Burdens
How does Missouri’s tax code compare? Missouri has a graduated state individual income tax, with rates ranging from 2.00 percent to 4.80 percent. There are also jurisdictions that collect local income taxes. Missouri has a 4.0 percent corporate income tax rate. Missouri also has a 4.22 percent state sales tax rate and an average combined state and local sales tax rate of 8.39 percent. Missouri has a 0.82 percent effective property tax rate on owner-occupied housing value.
Missouri does not have an estate tax or inheritance tax. Missouri has a 24.97 cents per gallon gas tax rate and a $0.17 cigarette excise tax rate. The State of Missouri collects $4,635 in state and local tax collections per capita. Missouri has $8,042 in state and local debt per capita and has an 81 percent funded ratio of public pension plans. Overall, Missouri’s tax system ranks 12th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Missouri is no exception. The first step towards understanding Missouri’s tax code is knowing the basics. How does Missouri collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, : How Does Your State Compare?
Stay informed on the tax policies impacting you.
Subscribe to get insights from our trusted experts delivered straight to your inbox.
Subscribe
See Related Articles
Tax Data by State
Get facts about taxes in your state and around the U.S.
State Tax Data
- Individual Taxes
- Business Taxes
- Sales Taxes
- Property Taxes
Individual Taxes
Top Individual Income Tax Rate
4.8%See Full Study
State Local Individual Income Tax Collections per Capita
$1329Rank: 28
State and Local Tax Burden
9.3%Rank: 16See Full Study
Business Taxes
Top Corporate Income Tax Rate
4.00%See Full Study
State Business Tax Climate Index Ranking
12See Full Study
Sales Taxes
State Sales Tax Rate
4.225%Rank: 38See Full Study
Average Local Sales Tax Rate
4.16%See Full Study
Combined State and Average Local Sales Tax Rate
8.39%Rank: 11See Full Study
State and Local General Sales Tax Collections per Capita
$1245Rank: 31
State Gasoline Tax Rate (cents per gallon)
24.97¢Rank: 37
State Cigarette Tax Rate (dollars per 20-pack)
$0.17Rank: 50
Property Taxes
Property Taxes Paid as a Percentage of Owner-Occupied Housing Value
0.82%Rank: 23
State and Local Property Tax Collections Per Capita
$1333Rank: 34
Featured Articles
Data
Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
2 min read
Research
2024 State Business Tax Climate Index
In recognition of the fact that there are better and worse ways to raise revenue, our Index focuses on how state tax revenue is raised, not how much. The rankings, therefore, reflect how well states structure their tax systems.
111 min read
Data
State and Local Tax Burdens, Calendar Year 2022
Tax burdens rose across the country as pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product. Tax burdens in 2020, 2021, and 2022 are all higher than in any other year since 1978.
24 min read
Data
State Individual Income Tax Rates and Brackets, 2024
Individual income taxes are a major source of state government revenue, accounting for more than a third of state tax collections. How do income taxes compare in your state?
8 min read
Data
State Corporate Income Tax Rates and Brackets, 2024
Graduated corporate rates are inequitable—that is, the size of a corporation bears no necessary relation to the income levels of the owners.
7 min read
Data
State and Local Sales Tax Rates, 2024
Retail sales taxes are an essential part of most states’ revenue toolkits, responsible for 32 percent of state tax collections and 13 percent of local tax collections (24 percent of combined collections).
9 min read
All Related Articles
Blog
Taxpayers Shoulder a Heavy Burden for Sports Stadium Subsidies
Sports stadium subsidies are salient political gimmicks designed to appear as if politicians are providing tangible benefits to taxpayers. The empirical evidence shows repeatedly that stadium subsidies fail to generate new tax revenue and new jobs or attract new businesses.
6 min read
Blog
Combined Corporate Rates Would Exceed 30 Percent in Most States Under Harris’s Tax Plan
Raising the combined US corporate rate to the second highest in the OECD would encourage corporations to depart from the US, reducing economic output and worker wages across the income spectrum.
2 min read
Data
Recreational Marijuana Taxes by State, 2024
Many states regulate and tax legal marijuana sales and consumption, despite the ongoing federal prohibition. Explore the data here.
6 min read
Data
Europe
Real Property Taxes in Europe, 2024
High property taxes levied not only on land but also on buildings and structures can discourage investment in infrastructure, which businesses would have to pay additional tax on.
3 min read
Data
Excise Taxes and Fees on Wireless Services Increased 8.8 Percent in 2024
Wireless taxes and fees set a new record high in 2024.
23 min read
Data
Online Sports Betting Taxes by State, 2024
Legal sports betting has grown rapidly since the Supreme Court granted states the ability to establish online sports betting markets in Murphy vs. NCAA in 2018.
3 min read
Data
Taxes and Interstate Migration: 2024 Update
The latest IRS and Census data show that people and businesses favor states with low and structurally sound tax systems, which can impact the state’s economic growth and governmental coffers.
8 min read
Data
Sales Tax Rates in Major Cities, Midyear 2024
While many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts—especially as a large number of major cities have combined rates of 9 percent or more.
6 min read
Data
Property Taxes by State and County, 2024
Property taxes are the primarytoolfor financing local governments and generate a significant share ofstate and local revenues.
6 min read
Data
Gas Tax Rates by State, 2024
Though gas taxes are intended to serve as user fees and pollution deterrents, they vary widely across states. How does your state’s burden compare?
4 min read
Page 1 of 2112345678910...20...Last
