St Louis County Has The Highest Tax Rates In The State

Real property tax in Missouri consists of taxes assessed by the state of Missouri, the County the property is located within as well as the municipality the property is located in.  Not all municipalities charge property tax though, and the rate charged by county varies, so there can be a fairly significant difference in property tax rates from neighboring municipalities and counties.  The table below shows the 20 Counties in Missouri with the lowest effective property tax rates.  At the top of the list is Benton County where the effective tax rate is just 0.11%.  Franklin County is the only county in the St Louis area that made the list of 20 lowest tax rates, coming in at number 14 with a tax rate of 0.65%.  St Louis County came in last on the list, with the highest property tax rate in the state at 1.35%.  Click here to see the entire list.

Real Property Tax Rates In Missouri For 2018 By County

(Click on the table for the complete list)

Real Property Tax Rates In Missouri For 2018 By County

Date Source ATTOM Data Solutions
©2019 – All Rights Reserved – St Louis Real Estate News

Which Cities In U.S. Have Lowest Property Tax Rates?

Yesterday, I wrote about Missouri having the 27th lowest effective property tax rate of the 50 states, so today I decided to look at property tax rates for the largest MSA’s around the country.  Included in my list are the 219 MSA’s with a population of 200,000 or more.  As the table below shows, at the top of the list, with the lowest effective real property tax rate of the MSA’s is Laredo, Texas with an effective property tax rate of just 0.35%.  The states of Alabama and Colorado both have 3 MSA’s on the list of the 10 MSA’s with the lowest property tax rate.

To see how the three MSA’s in Missouri stack up, click here to see the entire list.

Real Property Tax Rates In The U.S. For 2018 By MSA

(Click on the table for the complete list)

Real Property Tax Rates In The U.S. For 2018 By MSA

Date Source ATTOM Data Solutions
©2019 – All Rights Reserved – St Louis Real Estate News

Which State Has the Lowest Property Tax Rates?

Missouri falls in about the middle of the states in the U.S. in terms of real property taxes based upon the effective rate.  As the first table below shows, Missouri, with an effective property tax rate of 1.04% in 2018, comes in at the 27th lowest state.  Hawaii is at the top of the list with the lowest effective tax rate at 0.37% and New Jersey comes in last with the highest property tax rate at 2.25%.  Right behind New Jersey, is our neighbor to the east, Illinois, where the effective property tax rate is 2.22%, over twice as high as Missouri.