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Gray Summit
Gray Summit
Missouri
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Gray Summit is an unincorporated community and census-designated place (CDP) in Franklin County, Missouri, United States. The population was 2,701 at the 2010 census. Also called "Gray's Summit", it was founded by Daniel Gray of New York who built a hotel here in 1845. This community was the highest point on the Missouri Pacific Railroad between St. Louis and Jefferson City, Missouri; a railroad tunnel runs underneath the community. It is located on Interstate 44 and is home to Purina Farms, the Shaw Nature Reserve and Point Labaddie Brewery.

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Taxes

C+

How did Missouri earn the grade of C+? We examined the state taxes based on how age friendly they are. Missouri has a state sales tax of 4.23%. Of particular interest is that Missouri does have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Missouri has an effective property tax rate of 1.00%. Weighing these taxes and other taxes most likely to impact the aging population is how Missouri earned its state tax grade of C+.

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