SB987

Modifies property classification appeal process and tax implications for erroneous classifications.

The bill modifies the process for appealing property classifications in Missouri. It allows property owners to appeal to the state tax commission within 30 days of the local board of equalization's final decision. The commission can investigate appeals and correct unlawful assessments. If the commission finds an erroneous classification, the taxpayer can recover costs, fees, and damages. The bill also mandates that taxes be impounded during the appeal process.