Missouri SB1293 modifies property tax provisions, including assessment percentages, tax rate ceilings, and procedures for tax rate adjustments and.
Missouri SB1293 modifies provisions relating to property taxes by setting assessment percentages for different subclasses of real property and personal property. It establishes tax rate ceilings and outlines procedures for adjusting these ceilings based on voter approval and changes in assessed valuations. The bill also details the process for revising tax rates, including the requirement for physical inspections under certain conditions, and provides mechanisms for appealing assessed valuations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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