Tax InformationFEDERAL
Federal tax information For individuals who are out of state
Recorded Federal information
STATE About half of Missouri's budget comes from the state income tax and a 4.225 percent state sales tax. Nearly one-third comes from federal funds. The rest is supplied by 22 taxes, 154 fees and licenses, and miscellaneous sources, such as sales, services, and interest. Taxes on gasoline and motor vehicles are earmarked for roads and bridges; state cigarette taxes are earmarked for schools. The state constitution limits, by formula, the total amount to revenue the state may collect in any fiscal year. The Missouri Lottery produces less than one percent of total state revenue.
State tax payer assistance: LOCAL About two-thirds of the property taxes paid in Missouri go to local school districts. The rest go to a variety of taxing districts, including (among others) county, municipal, sewer, library, road, and bridge, health, and hospital, and fire districts. The tax owed by a property owner depends on the tax rates of the various districts serving that property and on its assessed valuation as determined by the county (city) assessor. The main revenue source for the City of St. Louis is the earnings tax, paid by people who work or live in the City. Other important sources are the sales tax, a gross receipts tax on utilities, and the property tax. State law does not authorize St. Louis county or its municipalities to levy and earnings tax. Their major revenue sources are the sales tax, utilities tax and property tax. Under the state constitution, no local government may increase any tax, license or fee without voter approval. This Page Last Modified: Monday, 19-Nov-2007 16:43:42 CST |