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Missouri Real Estate



M


issouri links the              contact any of the Missouri real  
northern and southern          estate offices online.            
states. It was logical                                           
that it became the theater for        Because of its proximity to 8     
many important battles of the         other states, you can ask the     
civil war. Missouri was also the     Missouri real estate agents to    
gateway to the west during the        find the ideal place for you.     
California Gold Rush. Missouri        The real estate agents in         
has the distinction of bordering      Missouri can help you find the    
8 different states – Illinois,        right school for your children,   
Kentucky, Tennessee, Arkansas,        investment properties, and even   
Oklahoma, Kansas, Nebraska, and       give you a house list for your    
Iowa.                                 perusal and study.                
                                                                        
The State experienced an upsurge      Economy                           
of population growth in 2006. The                                       
population is recorded at             Missouri enjoys a brisk economy.  
5,842,713. This population            Missouri real estate investors    
increase was contributed by           can take a look at the prospects  
migration, and births.                in aerospace, transportation,     
                                      equipment, chemicals, food        
The upsurge in Missouri real          processing, light manufacturing,  
estate is a by-product of the         publishing and electrical         
increase in population. Missouri      equipment.                        
real estate is definitely on the                                        
upswing. The real estate taxes        In agriculture, Missouri is one   
are reasonable and set well           of the top six states in hog      
within the limits. Should you         raising, seventh in cattle, and   
wish to relocate or put up a          fifth in soy bean production.     
business in Missouri, you can         Other major agricultural products 



are beef, dairy products,             tax rate is bracketed below       
soybeans, pork, eggs, poultry,        according county:                 
hay, and corn. The number of                                            
farms is second largest after         St. Louis County-7.27%            
Texas. The wine industry is also      Franklin (Union)-6.556%           
flourishing.                          Lincoln (Troy)-5.67%              
                                      Jefferson (De Soto)-6.15%         
Mining quarries produce vast          Washington (Potosi)-5.06%         
quantities of limestone. Other        St. Charles County-6.60%          
resources are lead, crushed           St. Louis City-6.635%             
stone, Portland cement, and coal.     Warren (Warrenton)-5.551%         
Manufacturing leads tourism                                             
services and wholesale/retail         Corporate income tax rate is      
trade.                                6.25%. This is applied to taxable 
                                      income. This is the same as       
The local government levies a 1.5     federal taxable income. Missouri  
percent to 6.0 percent tax on         permits 50% deduction of the      
personal income—depending on 10       income tax payment before         
different earning categories.         calculating taxable income.       
Sales tax rate for most items is                                        
4.225 %. There is no inheritance      For Missouri corporations a       
tax and limited estate tax in         franchise tax is applied. The tax 
relation to federal estate tax        is 0.033% of the value of the     
collection. Property taxes though     amount of the par value of shares 
are levied on real property and       or excess shares greater than $1  
personal property.                    million.                          
                                                                        
Real estate taxes is based on the     Recreation and Places of interest 
assessed value of the property.                                         
Real residency tax is 19%. The        There are several renowned        



museums, parks and some hilarious     Missouri.                         
museums that can perk up your in      

                              




About the Author:

Seth Willis Jr. is the webmaster for http://www.planetpads.com and a savvy real estate investor. His focus for Planet Pads is to allow users to showcase their real estate from all over the world .Users can browse properties , rentals , vacation homes and commercial properties from every corner of the globe.


Read more articles by: Seth Willis Jr.

Article Source: www.iSnare.com


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