Missouri HB3242 sets limits on combined real property tax levies for residential properties.
Missouri HB3242 establishes maximum percentages for local real property tax levies on residential properties. It sets a limit of six percent for residential properties within counties outside of cities, towns, or villages with taxing authority. If the total combined real property tax levies exceed these limits, local government officials must proportionally reduce each levy to stay within the limits. This law does not allow any taxing authority to exceed constitutional limits.
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