Missouri SB1522 modifies property tax assessment procedures and rates.
Missouri SB1522 revises property tax assessment procedures, including the requirement for physical inspections under certain conditions and the use of nationally recognized automotive trade publications for motor vehicle assessments. It sets specific assessment percentages for various types of real and personal property, including agricultural crops, livestock, farm machinery, and historic motor vehicles. The bill also outlines procedures for property owners to protest or dispute tax assessments and the process for refunding mistakenly or erroneously collected taxes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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