Bill > SB786

This bill modifies several provisions related to property taxes in Missouri, making significant changes to how properties are assessed, valued, and appealed. The legislation introduces new requirements for property assessments, including more detailed physical inspection protocols for real property and stricter standards for how assessors determine property values. Key provisions include establishing uniform assessment levels for different property subclasses, allowing property owners more opportunities to challenge assessments, and creating new protections for taxpayers during the assessment and appeals process. The bill also expands taxpayer rights in property tax disputes, such as making it easier to appeal assessed values, requiring more transparent valuation methods, and providing for attorney's fees and litigation costs in successful property tax appeals. Additionally, the legislation modifies procedures for protesting and paying taxes under dispute, including how impounded tax funds are handled and how refunds are processed. The changes aim to increase fairness and transparency in the property tax assessment system, providing more safeguards for property owners while establishing clearer guidelines for county assessors and tax collectors.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=6475407