summary
Introduced
01/09/2025
01/09/2025
In Committee
03/13/2025
03/13/2025
Crossed Over
03/06/2025
03/06/2025
Passed
Dead
05/16/2025
05/16/2025
Introduced Session
2025 Regular Session
Bill Summary
Modifies provisions relating to motor vehicle assessment valuations
AI Summary
This bill modifies how motor vehicles are assessed for tax purposes in Missouri, primarily focusing on how assessors determine the value of vehicles. The bill requires assessors to use nationally recognized automotive valuation guides like the National Automobile Dealers' Association Official Used Car Guide, Kelley Blue Book, or Edmunds, with the state tax commission selecting the specific publication to be used. Assessors must now use the trade-in value from the October issue of the selected publication and cannot assess a motor vehicle for more than its previous year's assessment if it was properly assessed before. For vehicles two years old or newer, assessors have more flexibility in valuation. The bill also stipulates that assessors cannot use a value higher than the average trade-in value without performing a physical inspection of the vehicle. Additionally, the bill provides detailed provisions about property assessments, including requirements for physical inspections of properties, how different types of personal and real property are valued, and specific rules for manufactured homes. The changes to these assessment provisions will become effective on January 1, 2026, giving counties and assessors time to prepare for the new valuation methods.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (4)
Last Action
Voted Do Pass (S) (on 04/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://house.mo.gov/Bill.aspx?bill=HB816&year=2025&code=R |
Fiscal Note - 1469H.02P.ORG | https://documents.house.mo.gov/billtracking/bills251/fiscal/fispdf/1469H.02P.ORG.pdf |
BillText | https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/1469H.02P.pdf |
Analysis - Summary: Perfected | https://documents.house.mo.gov/billtracking/bills251/sumpdf/HB0816P.pdf |
Analysis - Summary: Committee | https://documents.house.mo.gov/billtracking/bills251/sumpdf/HB0816C.pdf |
Fiscal Note - 1469H.02I.ORG | https://documents.house.mo.gov/billtracking/bills251/fiscal/fispdf/1469H.02I.ORG.pdf |
Analysis - Summary: Introduced | https://documents.house.mo.gov/billtracking/bills251/sumpdf/HB0816I.pdf |
BillText | https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/1469H.02I.pdf |
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