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Old 11-11-2008, 11:35 AM
 
10 posts, read 28,550 times
Reputation: 15
Default How does MO tax? Not used to Personal tax, etc.

Hello,

I heard from my aunt (who lives in Troy) that MO has high taxes. I know the property tax isn't that bad, but what about the personal tax? Is she right?

Thanks to all!
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Old 11-11-2008, 12:16 PM
 
Location: Orlando, FL
959 posts, read 1,373,726 times
Reputation: 352
MO has personal property taxes.. you pay them on cars, boats, ATVs, etc. (Yes, it's ridiculous.) Taxes still generally come out lower than if you lived on the IL side, unless you have a lot of toys.
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Old 11-11-2008, 01:54 PM
 
Location: Branson Area
880 posts, read 1,841,055 times
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Default Personal Prop. tax

Real Estate taxes are county specific. Some are higher (3% in some counties) and some very low (.4 % ).

For me, personal property tax is new, but overall isn't any worse than car registration in either CA or NV. For example. On a 2000 Mustang, the vehicle registration in MO was $33. The personal property tax is $168. Less than $200 yr. In both CA and NV where there is no personal prop. tax, the registration fees where higher than that. So overall, it was sort of a wash.

The one that surprised me the most was tax on food. I've never lived anywhere that taxed food! And the sales tax rates in some areas are pretty high....5% in Branson on food, over general sales tax of 9.4 % in some areas of Branson. Heck, that's as high as Tennessee which is infamous for high sales tax, but at least they don't have income tax.
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Old 11-11-2008, 03:31 PM
 
Location: Chicago (Albany Park)
651 posts, read 1,373,712 times
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Missouri's income tax maxes out at 6% pretty quickly. However, the Tax Foundation in 2008 rated Missouri's overall state/local tax burden (including income, sales, property taxes) for individuals as 32nd out of 50 (50 being the lowest) at 9.2% of income. The study focuses on tax payments made by residents of a state rather than collections by a state, so it takes into account tax payments made to the individual's state of residence as well as payments made to other states (e.g., sales taxes paid to Florida when vacationing at Disney World, property taxes on vacation property paid to another state, etc.)

It's lower than all the surrounding states except Tennessee:

AR - 10.0% (14th)
NE - 9.8% (17th)
OK - 9.8% (19th)
KS - 9.6% (21st)
KY - 9.4% (25th)
IL - 9.3% (30th)
IA - 9.3% (31st)
TN - 8.3% (44th)

For comparison:
CA - 10.5% (6th)
NV - 6.6% (49th)

The Tax Foundation - State-Local Tax Burdens Dip As Income Growth Outpaces Tax Growth
The Tax Foundation - State and Local Tax Burdens: All Years, One State, 1977-2008
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Old 11-28-2008, 07:17 AM
 
Location: St Joseph
47 posts, read 102,187 times
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The thing that I always dislike is how your property taxes come due right around the holiday season. You can pay them later with additional penalties but it still hurts. I don't like paying yearly taxes on something you already paid taxes on when you bought it.
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Old 11-28-2008, 12:10 PM
 
Location: Missouri
5,835 posts, read 14,514,394 times
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I don't like the personal property tax either, but it is still so much cheaper here, tax-wise, than in NJ, where I moved from.
For an example, in Jackson county (the county Kansas City is located in), the personal property taxes I incurred for a 2000 sedan and 2003 sedan (both American-made) came to about $250.
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Old 11-30-2008, 07:49 AM
 
Location: Arnold, Missouri
229 posts, read 393,249 times
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Default Personal and Real Estate Tax

From what I see is the fact that the tax we are paying is going up. I live in one of the poorest counties in Missouri. When I first moved here our RRT was 60.00 and now it is 140.00
Our PPT was 140.00 and this year up to 409.55. And most of the jump was on a school we don't use and that was on both tax's.
When you go to Walmart you get two types of tier tax's on food and reg. purchases.
You go to a regular grocery store and you pay a high amount of food tax.
If you need to know we live in Washington County. But if moving to Jefferson County the tax's are just as high if you were living in St. Louis County.
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Old 11-30-2008, 11:40 AM
 
8,495 posts, read 6,980,190 times
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Quote:
Originally Posted by caturpilar View Post
The thing that I always dislike is how your property taxes come due right around the holiday season. You can pay them later with additional penalties but it still hurts. I don't like paying yearly taxes on something you already paid taxes on when you bought it.
Yeah, in Johnson County (Kansas) half of our real estate tax is due December 21st and the other half in May. DECEMBER 21st? Couldn't they pick a better time than right before Christmas? I've never understood that.
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Old 02-15-2009, 03:17 PM
 
Location: Highlandville
167 posts, read 280,271 times
Reputation: 65
I have 11 cars/trucks/trailers. none brand new, but late 90s and a 2003. I can buy tags for all of them for 2 years, and pay the PPT on all of them for two years for less than One pickup cost in CA for one year.
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Old 02-15-2009, 03:54 PM
 
Location: Peoples Republic of Cali
9,577 posts, read 4,684,631 times
Reputation: 5363
Quote:
Originally Posted by DeanMoore View Post
I have 11 cars/trucks/trailers. none brand new, but late 90s and a 2003. I can buy tags for all of them for 2 years, and pay the PPT on all of them for two years for less than One pickup cost in CA for one year.
Here in CA. I have a 1995 Chevy 3/4 ton that I owe $242.00 for registration plus another $58.00 for a Smog Check. Registartion is due every year, Smog every other year.
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