Bill > HB1582

This bill modifies several provisions related to property taxes in Missouri, focusing primarily on improving transparency and taxpayer rights in the property assessment process. The bill requires assessors to provide more detailed notifications when property valuations are increased, including a projected tax liability notice that must list specific information such as the property owner's name, parcel number, tax rates for each political subdivision, previous year's tax rates, tax rate ceilings, and contact information for taxing entities. The bill also mandates that assessors disclose their assessment methods and computation basis on their websites, including any third-party documents used in determining property value. Additionally, the legislation enhances taxpayer protections by allowing property owners to more easily challenge assessed valuations, potentially recover appraisal and court costs if their appeal results in a significant reduction in property value, and receive interest on tax refunds if they are not processed in a timely manner. The bill applies to various types of counties in Missouri, with some provisions specifically targeting charter counties and those with certain population sizes, and aims to make the property tax assessment process more transparent, fair, and accountable to property owners.

https://house.mo.gov/Bill.aspx?bill=HB1582&year=2025&code=R