Bill > HB2607

This bill modifies provisions governing property tax assessments in Missouri, introducing several key changes. It establishes new requirements for how assessors determine and notify property owners about changes in property valuations, including mandating more detailed and transparent communication about potential tax impacts. The bill requires assessors to conduct physical inspections before significantly increasing property values and provides property owners with more rights in the assessment process, such as the ability to request interior property inspections. For motor vehicles valued under $50,000, the bill limits assessments to the previous year's value. The legislation also introduces provisions for more uniform assessment levels across property subclasses, requiring that assessment ratios be consistent and providing property owners with mechanisms to challenge assessments that do not meet these standards. Additionally, the bill enhances taxpayer protections by allowing for the recovery of attorney's fees and litigation costs when property valuations are successfully challenged and by establishing more rigorous standards for how assessors can increase property values. The bill aims to create a more transparent, equitable, and accountable property tax assessment process by providing property owners with more information, clearer appeal rights, and protections against arbitrary valuation increases.

https://house.mo.gov/Bill.aspx?bill=HB2607&year=2026&code=R