Property tax, transfer tax and closing costs in Missouri
Missouri has no statewide real estate transfer tax. Reassessment in odd-numbered years as of January 1.
Reviewed October 15, 2026. Every line links its statute or official source.
What Missouri sets
- Transfer tax
- No real estate transfer tax. The state constitution prohibits one. Source: revisor.mo.gov
- Who customarily pays
- Not stated. No official source confirmed this yet.
- Local transfer taxes
- Not stated. No official source confirmed this yet.
- Reassessment cycle
- Reassessment in odd-numbered years as of January 1. Source: stc.mo.gov
- Homestead and other exemptions
- No general homestead exemption. Counties may freeze property taxes for homeowners 62 and over under the 2023 senior credit law. Source: stc.mo.gov
- Owner’s title policy
- Not stated. No official source confirmed this yet.
- How closings run
- Title company closings are customary. Source: insurance.mo.gov
- Survey
- Not stated. No official source confirmed this yet.
- Other closing customs
- Not stated. No official source confirmed this yet.
No statewide transfer tax
On a $230,000 sale in Missouri the state charges no transfer tax. Recording fees, title and settlement charges still apply.
Typical property tax in Missouri
- Median real-estate tax paid
- $1,948 a year
- Per month
- $162
- Median owner-occupied home value
- $230,300
- Effective rate they imply
- 0.85%
Census American Community Survey five-year file, 2020-2024, tables B25103 and B25077, owner-occupied homes. The median bill rose 28% against the 2015-2019 file. An estimate for a typical home, not yours. Your bill depends on the parcel, its exemptions and the next reassessment.
For agents
Your buyers ask what closing costs in Missouri and who pays. This page answers from the statute, with the date it was checked. Send it, or embed the calculator on your own site.
Ike lets a licensed real estate agent originate the mortgage on the deals they already close. Expected compensation is about 100 basis points per eligible funded loan once licensed and sponsored. Ike is preparing licenses state by state.
See if you qualifyGet the yearly update for your farm area
One email when Missouri rates, exemptions or transfer taxes change, and when the next reassessment lands.
Sources
Ike Mortgage LLC. NMLS ID pending. For licensing information, go to: www.nmlsconsumeraccess.org. Nothing on this page is a loan payment, rate, term or down payment, and nothing here is a Loan Estimate.