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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Cole County, Missouri

Cole County has an effective property tax rate of 0.77%. On the median home value of $229,600, that's roughly $1,769 per year. Median household income is $74,876.

Effective Property Tax Rate1
0.77%
median tax $1,769 ÷ median home $229,600
Median Home Value1
$229,600
owner-occupied
Median Household Income1
$74,876
per-capita $39,068
Est. Annual Tax on Median Home1
$1,769
at 0.77% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricCole CountyMissouri (state context)
Effective property tax rate10.77%0.70%
Median home value1$229,600—
State income tax3top rate 4.80%top rate 4.80%
State sales tax38.44% combined8.44% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Cole County, MO

Cole County's effective property tax rate of 0.770% sits above Missouri's statewide median of 0.705%, placing it 40th among the state's 115 counties. That ranking puts the county somewhat above the middle of the pack within Missouri. Against the national median of 0.794%, however, Cole County lands just below the typical American rate. The owner of a home valued at the median $229,600 can expect an annual real-estate tax bill near $1,769, set against a median household income of $74,876 and per-capita income of $39,068. Communities such as Centertown, Eugene, and Henley fall within the county. The takeaway: property taxes here run a bit heavier than what most Missourians pay, yet remain slightly lighter than the national benchmark, a middle-of-the-road position shaped by local levies and home values.

Frequently asked questions

What is the property tax rate in Cole County, MO?
The effective rate is 0.77% — meaning the median tax bill equals about 0.77% of the median home value.
How much are property taxes on a median home?
On the median home ($229,600), the estimated annual bill is about $1,769.
Is Cole County's rate high or low?
Compare it to the state median of 0.70% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Cole County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Cole County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.