What is personal property tax?

Personal property tax is a tax based upon the value of taxable personal property.  Taxable personal property consist of motor vehicles, trailers, mobile homes, watercraft, boat motors, aircraft, livestock, farm machinery and equipment, agricultural crops and any other personal property not exempted by law.  The Market Value of an item is established by the County Assessor using a standard rate book provided by the Missouri State Tax Commission.  The Assessed Value is a percentage of the Market Value.  The Assessed Value of an item multiplied by the tax rate (levy) for your district determines the amount of personal property tax you pay.

All taxable personal property shall be assessed in the county in which the owner resides the first day of January each year. 

Percentage of Market Value That Determines Assessed Value

All personal property except those listed below 33.33%
Mobile homes used as dwellings
Grain and other agricultural crops 0.05%
Livestock and poultry 12%
Farm machinery
Historic motor vehicles5%
Certain Aircrafts
Certain business tools and equipment
See applicable laws

Show All Answers

1. What is personal property tax?
2. How do I get a Personal Property tax bill?
3. When are the bills available and due?
4. I sold my car in March, why do I have to pay for the full year?
5. What form of payments are accepted & where can the bills be paid?
6. Why am I being charged interest and penalties?
7. How can I obtain another copy of my paid receipt or waiver?
8. How do I know if I am eligible for a waiver?
9. May I pay personal property and real estate taxes with a single check?
10. I am no longer a Missouri resident, do I still owe this tax?