Independence offers among the most competitive property tax rates in the metro. Independence is unique in that they do not have a city property tax for commercial personal property.  

Effective real estate property tax rates in Independence:
  • Commercial (Real): 2.72%

  • Residential: 1.34%

  • Personal: 2.13%

The local property tax rate is an aggregate of school, city, county, and state levies expressed as tax per $100 of assessed valuation. Property is assessed on the basis of "fair or true market value." All property, real and tangible personal, is taxable unless expressly exempt. Examples of exemptions include:

  • Inventories of retail merchants, manufacturers and wholesalers, including raw materials and goods in process.

  • Property "actually and regularly used exclusively" by an exempt organization pursuant to its exempt purposes and not held for private or corporate profit.

The State Tax Commission of Missouri is the agency charged with overseeing Missouri's property tax system.

Assessment Ratios
  • Commercial and industrial real property is assessed at 32% of fair market value.

  • Tangible personal property, not elsewhere classified, is assessed at 33 1/3 of fair market value.

  • Residential property is assessed at 19% of fair market value.

  • Agricultural property is assessed at 12% of fair market value.

Real Property

All property is appraised at its fair or true market value by the county. Commercial and industrial real property (i.e., land and buildings) is assessed an additional county surcharge designed to replace revenue losses attributable to the tax exemption of business inventories.

Tangible Personal Property

Assessed values of tangible personal property in Missouri are set at 33 1/3% of fair or true market value. A formula is utilized under which original costs of depreciable personal property are discounted to determine true values. Tangible personal property includes machinery and equipment. There is no personal property tax for commercial in Independence.

Intangible Personal Property
There is no tax on intangible personal property
Non-Business Personal PropertyThe state has authorized local governments to apply a tax based on the actual cash value of licensed motor vehicles (automobiles, trucks, motorcycles), boats, motors, trailers and campers. The assessment ratio for this type of property is 33 1/3%. The assessment ratio for livestock is 12% and 0.05% for grain and crops.


Independence offers among the most competitive property tax rates in the metro. Independence is unique in that they do not have a city property tax for commercial personal property.  

Effective real estate property tax rates in Independence:
  • Commercial (Real): 2.72%

  • Residential: 1.34%

  • Personal: 2.13%

The local property tax rate is an aggregate of school, city, county, and state levies expressed as tax per $100 of assessed valuation. Property is assessed on the basis of "fair or true market value." All property, real and tangible personal, is taxable unless expressly exempt. Examples of exemptions include:

  • Inventories of retail merchants, manufacturers and wholesalers, including raw materials and goods in process.

  • Property "actually and regularly used exclusively" by an exempt organization pursuant to its exempt purposes and not held for private or corporate profit.

The State Tax Commission of Missouri is the agency charged with overseeing Missouri's property tax system.

Assessment Ratios
  • Commercial and industrial real property is assessed at 32% of fair market value.

  • Tangible personal property, not elsewhere classified, is assessed at 33 1/3 of fair market value.

  • Residential property is assessed at 19% of fair market value.

  • Agricultural property is assessed at 12% of fair market value.

Real Property

All property is appraised at its fair or true market value by the county. Commercial and industrial real property (i.e., land and buildings) is assessed an additional county surcharge designed to replace revenue losses attributable to the tax exemption of business inventories.

Tangible Personal Property

Assessed values of tangible personal property in Missouri are set at 33 1/3% of fair or true market value. A formula is utilized under which original costs of depreciable personal property are discounted to determine true values. Tangible personal property includes machinery and equipment. There is no personal property tax for commercial in Independence.

Intangible Personal Property
There is no tax on intangible personal property
Non-Business Personal PropertyThe state has authorized local governments to apply a tax based on the actual cash value of licensed motor vehicles (automobiles, trucks, motorcycles), boats, motors, trailers and campers. The assessment ratio for this type of property is 33 1/3%. The assessment ratio for livestock is 12% and 0.05% for grain and crops.

OUR MISSION STATEMENT

To support the economic growth of Independence through the creation of new employment opportunities and the attraction of private capital investment.

CONTACT US

info@inedc.biz
816.252.5777
210 W. Truman Road, Independence, MO 64050

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