Bill > SB759

This bill modifies provisions related to property tax appeals and erroneous property classifications, providing property owners with enhanced rights and protections. Under the new law, property owners can appeal property assessments to the state tax commission or circuit court within specified timeframes, challenging issues like valuation, assessment methods, and discriminatory classifications. The bill introduces a significant new provision that if an assessor classifies property in a way that contradicts a previous determination by the state tax commission or a court, the taxpayer can be awarded appeal costs and reasonable attorney's fees. Furthermore, if a taxpayer does not receive these costs and fees after a decision made on or after January 1, 2024, they can file a cause of action against the assessor to recover costs, attorney's fees, and additional damages equal to 10% of the property's original assessed value. The bill aims to protect property owners from incorrect property classifications and provide a mechanism for financial compensation when such errors occur, thus incentivizing accuracy in property assessments.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=6348292