HB2671

Missouri HB2671 modifies property tax assessment and taxation provisions, including reassessment percentages, tax rate ceilings, and procedures for.

Missouri HB2671 modifies provisions governing the assessment and taxation of property. It sets reassessment percentages for different subclasses of real property and personal property. The bill also establishes tax rate ceilings and outlines procedures for setting tax rates, including the requirement for voter approval for increases. It details how tax revenues should be calculated and apportioned, and it specifies the role of the state auditor in reviewing tax rates. The bill includes provisions for handling appeals and adjustments to tax rates due to changes in assessed valuations.