Missouri SB1212 modifies property assessment procedures, including reassessment percentages and physical inspection requirements.
Missouri SB1212 modifies property assessment procedures by adjusting reassessment percentages for various types of property. It mandates physical inspections for real property if the assessed valuation increases by more than 15% since the last assessment, excluding new construction or improvements. The bill also outlines procedures for assessors to follow when determining property values, including using nationally recognized automotive trade publications for motor vehicles.
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