With a 4.8% top income tax rate and 0.93% property tax, Missouri homeowners face a moderate combined tax burden. This calculator is pre-filled with Missouri numbers: $240,000 median price, 0.93% property tax, $1,750/year insurance.
Last updated: March 13, 2026
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Monthly Payment (Missouri)$0
Loan Details — Missouri
Missouri median: $240,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Missouri average: 0.93%
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Missouri average: $1,750/yr
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Property Tax
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Missouri Metro Area Home Prices
Click a metro to load its median price into the calculator above.
Yearly Amortization Schedule+
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Missouri's Tax Landscape and Your Mortgage
Missouri uses a progressive income tax with a top rate of 4.8%. A household earning $150,000 pays an estimated $4,680-$6,120 in state income tax, depending on filing status and deductions. That's $450/month less available for housing costs.
At the state's median home price of $240,000, the $0.93% property tax rate adds $186/month to your mortgage payment. That's $2,232/year — near the national median of ~1.1%.
Property Taxes Across Missouri
The 0.93% statewide average masks significant variation. St. Louis City has separate tax rates from St. Louis County (city property taxes are higher)
Price ranges across the state: Kansas City (MO side) has a median of $280,000, while Springfield sits at $220,000 — a $60,000 gap that dramatically changes your monthly payment. At $0.93% property tax, that price difference alone means $47/month more in property tax in Kansas City (MO side).
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Homebuyer Programs and Exemptions
Missouri offers several programs for homebuyers:
MHDC First Place Loan program with 4% cash assistance
Next Step program for non-first-time buyers
Homestead exemption: Property tax credit (circuit breaker) for seniors 65+ and disabled with income under $30,000
Missouri-Specific Considerations
Kansas City and St. Louis City both levy a 1% earnings tax on residents and workers — adds meaningfully to tax burden in those metros
St. Louis City has separate tax rates from St. Louis County (city property taxes are higher)
Income tax top rate being gradually reduced
Affordable housing market with pockets of higher prices in KC and STL suburbs
Property tax rates vary between St. Louis and Kansas City metro areas vs rural Missouri — Jackson County averages ~1.1%
Compare Missouri Mortgage Rates
See personalized rates from Missouri lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
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1.04% property tax, no income tax. Median home: $340,000.
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Missouri?
The average effective property tax rate in Missouri is 0.93%. On a $240,000 home (the state median), that works out to approximately $2,232/year or $186/month added to your mortgage payment. Property tax rates vary by county and school district within Missouri — always check your specific jurisdiction's rate. Homestead exemption: Property tax credit (circuit breaker) for seniors 65+ and disabled with income under $30,000
How much does homeowners insurance cost in Missouri?
The average annual homeowners insurance premium in Missouri is approximately $1,750 ($146/month). This is near the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Missouri?
MHDC First Place Loan program with 4% cash assistance. Next Step program for non-first-time buyers. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Missouri housing finance agency website for current eligibility requirements and application deadlines.
How does Missouri's 4.8% income tax affect home affordability?
Missouri's top income tax rate of 4.8% reduces your take-home pay, which affects how much mortgage you can comfortably carry. On a $150,000 salary, state income tax takes roughly $4,680-$6,120/year (effective rate is lower than the top marginal rate). Combined with 0.93% property tax, the total tax burden in Missouri is above average. Use our paycheck calculator to see your exact take-home pay.
What is the conforming loan limit in Missouri?
The 2026 conforming loan limit in Missouri is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Missouri state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.