HB1759

Missouri HB1759 modifies personal property assessment percentages and procedures.

Missouri HB1759 modifies personal property assessment percentages and procedures. It sets specific assessment rates for various types of personal property, including agricultural crops, livestock, farm machinery, and motor vehicles. The bill also outlines the process for physical inspections and reclassification of property. It mandates that assessors prepare a two-year assessment maintenance plan and submit it for approval. The bill further details the conditions under which a county or city may opt out of certain provisions and the consequences of such an opt-out.