Missouri HB2329 reduces the assessment percentage of tangible personal property over three years.
Missouri HB2329 modifies the assessment percentages for tangible personal property, reducing them annually over three years starting in 2027. The bill specifies the assessment percentages for various categories of personal property, including grain, livestock, farm machinery, motor vehicles, poultry, and tools. It also outlines procedures for property assessment, including the use of nationally recognized automotive trade publications for motor vehicles and the requirement for physical inspections under certain conditions.
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