Bill > HB816

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.

Budget and Finance, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB816&year=2025&code=R