Missouri SB1301 modifies the State Tax Commission's ratio studies to ensure no county's assessed values ratio exceeds one.
Missouri SB1301 amends Chapter 138 of the Revised Statutes of Missouri by adding a new section, 138.195. This section mandates that in any ratio study evaluating the assessment ratios of various counties, the State Tax Commission must ensure no county's ratio of assessed values exceeds one. This change aims to maintain equitable assessment ratios across all counties.
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