Taxes in Springfield, Missouri
What type of taxes are typically charged on rental properties in Springfield, Missouri? Are there taxes other than a county real property tax? Is there a city tax? School tax? Anything else?
I’m going to be investing in Springfield soon and would like to get a good idea of what to expect. Thanks!
Most Popular Reply
Dan,
Greene County sends one tax bill at the end of the year, it includes taxes paid to schools, city, etc. I see you are from NJ.. How high taxes are is relative, as people here complain, however compared to your neck of the woods they are a pittance.
A 50+ year old house will probably run you $600 or less a year, a brand new 3 bed 2 bath house will run you $1500 ish. Springfield is considering an inspection fee for rentals, but we don't really have any extra fees in place yet.
Vacancy is very low. If you manage your properties well it is close to 0. A decent house in a decent area will get 25 calls in a weeks worth of advertising online.