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Updated 2025 Tax Year

Mississippi County
Property Tax Guide

Everything you need to know about property taxes in Mississippi County, MO. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
0.8% to 1.2% effective rate (varies by taxing districts within county)
Exemptions
4+ Available
Section 1

How Property Tax Works

Mississippi County, Missouri operates under the state's property tax system, which funds essential local services including schools, law enforcement, fire protection, libraries, and county operations. Property owners in Mississippi County pay an effective tax rate that typically ranges from 0.8% to 1.2% of assessed value, though this varies significantly based on your specific location within the county due to different combinations of special taxing districts.

The county uses Missouri's assessment methodology where residential property is assessed at 19% of true market value, while other property types have different assessment ratios. Your actual tax bill depends not only on the county's base levy but also on additional assessments from school districts, fire districts, ambulance districts, library districts, and other special taxing authorities that serve your specific area. This means two properties of equal value in different parts of Mississippi County may have substantially different tax obligations.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100 assessed value)Description
County General$0.4500Basic county operations and services
County Road & Bridge$0.2200Road maintenance and infrastructure
School District$3.8000-$4.2000Varies by school district boundaries
Fire District$0.3500-$0.6000Fire protection services (varies by district)
Ambulance District$0.1500-$0.2500Emergency medical services
Library District$0.1800Public library services (where applicable)
Total Estimated Range$5.1500-$5.8000Actual rate depends on specific location

Rates shown are estimates for FY 2025-2026 levy year. Final rates are subject to local government approval and vary significantly by special taxing districts within Mississippi County. Contact the Mississippi County Assessor's Office at (573) 683-2146 for precise rates applicable to your property location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Mississippi County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental property taxes in Mississippi County are additional tax bills issued when there are mid-year changes to your property's assessed value. The most common triggers include: completion of new construction or major improvements, change of ownership that removes previously applied exemptions, or correction of assessment errors discovered after the regular tax roll was finalized.

When a supplemental assessment occurs, you'll receive a separate tax bill calculated by applying the current year's tax rate to the difference between your old and new assessed values. The tax is prorated based on the number of months remaining in the tax year from the effective date of the change. For example, if new construction worth $50,000 in assessed value is completed in July (6 months remaining in the tax year), and your area's tax rate is $5.50 per $100 of assessed value, your supplemental tax would be: ($50,000 ÷ $100) × $5.50 × (6 ÷ 12) = $1,375.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (19%): $57,000
  • Senior Tax Credit Applied: -$12,000 (requires application)
  • Net Taxable Value: $45,000
  • Annual Tax ($5.50 rate): $2,475
  • Monthly Payment: $206

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (19%): $114,000
  • Homestead Tax Credit Applied: -$5,000 (requires application)
  • Net Taxable Value: $109,000
  • Annual Tax ($5.50 rate): $5,995
  • Monthly Payment: $500

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (19%): $190,000
  • No Credits Applied: $0
  • Net Taxable Value: $190,000
  • Annual Tax ($5.50 rate): $10,450
  • Monthly Payment: $871

Tax rates shown are estimates. Actual rates vary by special district combinations. Credits shown require annual application and eligibility verification.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Mississippi County require property tax escrow accounts for loans with less than 20% down payment. Your lender collects 1/12 of your estimated annual property tax with each monthly mortgage payment, depositing these funds into an escrow account. The lender pays your property taxes directly to Mississippi County when they become due on December 31st each year.

Lenders typically collect an initial escrow deposit at closing equal to 2-3 months of property tax payments to ensure adequate funds are available. They perform annual escrow analyses to adjust your monthly payment based on actual tax bills and account balances. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment will increase accordingly. You'll receive an annual escrow statement showing all deposits, payments, and balance adjustments. Property owners remain responsible for verifying that taxes are paid correctly and on time, even when using escrow services.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due for the current fiscal year? A: Property taxes for FY 2025-2026 are due December 31, 2025. Payment becomes delinquent on January 1, 2026, and penalties begin accruing immediately.

Q: What tax credits are available and do they require application? A: Mississippi County offers several tax credits that require annual application: Senior Citizens Tax Credit (age 65+ with income limits), Disabled Veterans Tax Credit, and Circuit Breaker Tax Credit for low-income homeowners. All credits must be applied for through the County Assessor's office by March 1st annually.

Q: How does the Homestead Tax Credit work? A: The Homestead Tax Credit limits annual assessment increases on your primary residence to a maximum percentage (typically 10%). This credit caps assessment growth, not your market value. You must file an initial application with the assessor's office, and the protection continues automatically as long as you occupy the home as your primary residence.

Q: How often are properties reassessed in Mississippi County? A: Missouri law requires counties to conduct physical inspections and reassessments on a cyclical basis. Mississippi County typically reassesses properties every 3-4 years, though market-driven adjustments may occur annually. You'll receive notice of any significant assessment changes.

Q: What are the penalties for late property tax payment? A: Properties become delinquent on January 1st if taxes aren't paid by December 31st. Interest accrues at 2% per month (24% annually). After three years of delinquency, properties may be sold at public auction for unpaid taxes.

Q: Can I pay property taxes online? A: Contact the Mississippi County Collector's office at (573) 683-2154 for current online payment options. Many Missouri counties now offer online payment through their official websites, though convenience fees may apply.

Q: Why do special district taxes vary within the county? A: Mississippi County contains multiple overlapping special taxing districts (school, fire, ambulance, library) with different boundaries. Your tax bill includes levies only from districts that serve your specific property location, which is why rates vary significantly across the county.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Mississippi County Board of Equalization by the third Monday in June. You'll need evidence supporting your claimed value, such as recent appraisals, comparable sales, or documentation of property condition issues. Contact the assessor's office for specific appeal procedures and forms.

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