Missouri Mortgage Calculator 2026

The average effective property tax rate in Missouri is 0.88%. This is below the national average of about 1.10%, making Missouri relatively affordable when it comes to the property tax portion of your mortgage payment. On a $350,000 home, property taxes would add about $257 per month.

Your total monthly mortgage payment in Missouri includes principal, interest, property taxes, homeowners insurance, and PMI if your down payment is less than 20%. Many lenders require these costs to be escrowed into your monthly payment, so it is important to account for all components when budgeting for a home.

Missouri homeowners should also consider that property tax rates can vary significantly by county and municipality. The rate shown here is a statewide average. Check with your local tax assessor for the exact rate in your area.