HB2360

Missouri HB2360 allows charter counties and those with alternative forms of government to create unique property assessment and taxation methods.

Missouri HB2360 empowers charter counties and counties with alternative forms of government to establish unique methods for property assessment and taxation. These methods can include adjusting assessment cycles, setting caps or limits on assessed valuations, and calculating property tax levies. Counties must report these methods annually to the state tax commission and state auditor. The bill also mandates transparency measures such as reporting service-to-overhead ratios and conducting efficiency audits before ballot measures seeking increased revenues.