Taxes

Taxes_JohnWanamaker

Springfield Sales Tax

Springfield’s sales tax is 7.6%, which includes the following breakdown.

State: 4.225%
County: 1.250%
City: 2.125%

Source: Missouri Department of Revenue, 2017

For a comparison of sales tax rates in other Missouri counties, click here.

Springfield Property Tax

(per $100 of assessed valuation)

Total $5.4805
City of Springfield $0.6177
Springfield-Greene County Library

$0.2471

Ozarks Technical Community College

$0.1500

Greene County

$0.1137

Road

$0.1137

State of Missouri

$0.0300

County Developmental Disability Programs

$0.0473

Senior Services

$0.0500

Springfield R-12

$4.1110

Commercial property add surcharge

$1.0400

Source: Greene County Collector’s Office, 2016

Partnership Industrial Center & Partnership Industrial Center West

Total $5.8595 $6.5332
City of Springfield

$0.6177

$0.6177
Springfield-Greene Co. Library $0.2471 $0.2471
Ozarks Technical College $0.1500 $0.1500
Greene County $0.1137 $0.1137
Road $0.1137 $0.1137
State of Missouri $0.0300 $0.0300
Development Disability Programs $0.0473 $0.0473
Senior Services

$0.0500

$0.0500
Strafford R-VI $3.4500
Willard R-II $4.1237
Commercial surcharge $1.0400 $1.0400

Source: Greene County Collector’s Office, 2016

Real Property Assessment Rates

The following rates are based on the appraised value of each property type.

Commercial

32%

Residential

19%

Agricultural

12%

Source: Greene County Collector’s Office, 2016

Springfield Personal Property Tax

Personal property tax is assessed on:

  • Livestock
  • Mobile homes
  • Commercial office equipment
  • Machinery & tools
  • Leased commercial property (i.e. leased computers, etc.)
Tax Rate

$5.3200 per $100 of assessed value

Assessment Rate

33 1/3% of appraised value

Missouri Income Tax

Personal income tax is at a graduated rate. The highest is $315 plus 6% over $9,000. A part of the federal taxes paid are subtracted from the net income to determine the state taxable income.

Corporate income tax is 6.25% —- 50% of the federal taxes paid are subtracted from net income to determine net taxable income earned in Missouri.

Source: Missouri Department of Revenue

Visit the Missouri Department of Economic Development website for more Missouri tax information.