Bill > SB1131

This bill modifies several provisions related to the State Tax Commission's operations and property assessment processes. It repeals and re-enacts six existing sections of Missouri law, introducing changes to how property is assessed, valued, and taxed. Key provisions include establishing an Office of State Ombudsman for Property Assessment and Taxation to help ensure fairness and transparency in property tax processes, modifying how the State Tax Commission can equalize property valuations across counties, and creating more specific guidelines for property assessments. The bill introduces new rules for how assessors determine property values, including requirements for physical inspections when increasing property valuations, clarifies the use of automotive trade publications for vehicle valuations, and establishes more detailed criteria for when and how the State Tax Commission can adjust property assessments. Additionally, the bill creates a new dedicated fund to support the State Ombudsman's office, with provisions for funding the office through state reimbursements to counties if annual appropriations are insufficient. The changes aim to improve accountability, provide more consistent assessment practices, and create a mechanism for taxpayers to seek assistance and resolution in property tax matters.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=257