Missouri HB1766 modifies personal property assessment provisions, including tax rate adjustments and new construction definitions.
Missouri HB1766 modifies provisions relating to personal property assessments. It specifies that a school district can levy an operating tax rate for school purposes if it does not exceed the highest tax rate in effect. The bill details procedures for tax rate adjustments, including refunding erroneously paid taxes and setting tax rate ceilings. It also outlines how new construction and improvements should be assessed and valued.
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