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, Facts & Figures 2024: How Does Your State Compare?
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