Bill > SB787

This bill modifies the legal requirements for how county assessors must notify property owners about increases in property assessments. The bill mandates that when an assessor increases the valuation of real property, they must notify the property owner by mail or in person by June 15th, and provide detailed information about the potential tax impact. For counties using new software from the state tax commission, the notification must now include a comprehensive breakdown of projected tax liability, including the names of all political subdivisions levying taxes on the property, their projected tax rates, previous year's tax rates, tax rate ceilings, contact information, and the total projected property tax liability. Additionally, the bill requires assessors to provide information about their assessment method on their website, including the specific basis for computing the property's value, and disclose any third-party documents or data used in determining the property's assessed value. The goal appears to be increasing transparency and providing property owners with more comprehensive information about assessment increases and potential tax implications, while also giving them clearer pathways to understand and potentially challenge these assessments.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=6475408