Missouri HB3253 modifies property tax provisions, including assessment methods, tax rate ceilings, and reimbursements for revenue decreases.
Missouri HB3253 revises property tax laws by altering assessment methods for motor vehicles and manufactured homes, adjusting tax rate ceilings, and providing reimbursements for revenue decreases. It mandates the use of trade-in values from specific publications for motor vehicle assessments and sets assessment percentages for manufactured homes. The bill also outlines procedures for tax rate ceiling adjustments, reimbursements for revenue decreases, and electronic communication with property owners.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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