Missouri SB919 modifies property tax provisions, including reassessment limits and credit mechanisms for eligible taxpayers.
Missouri SB919 modifies provisions relating to property taxes by setting limits on reassessment increases and establishing credit mechanisms for eligible taxpayers. It mandates that assessors cannot increase the assessed valuation of real property by more than 15% since the last assessment. The bill also allows eligible taxpayers to claim a credit against their real property tax liability, provided certain conditions are met.
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