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Missouri’s Tax Shift Sparks Alarm | Real Estate News
Missouri lawmakers are racing to eliminate the state income tax, claiming it’ll jumpstart the economy—but real estate pros are sounding the alarm. Proposed constitutional amendments could pave the way for steep new sales taxes, possibly hitting 16%, and even resurrecting rejected real estate transfer taxes. Critics warn seniors and families could face skyrocketing costs on rent, childcare, and everyday goods, with the average Missourian’s tax bill rising over $500 a year. With an August 4 vote looming, opponents are rallying under “The Everything Tax” banner, urging voters to reject these…
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