Bill > SB1521

This bill modifies how property owners are notified when their property assessments increase, aiming to provide more transparency about potential tax liabilities. It mandates that assessors must notify property owners of increased valuations by June 15th and, in years of general reassessment, the county must also provide a projected tax liability based on that increase. This projected tax liability notice will detail the property owner's information, a list of taxing entities, their projected tax rates and purposes, previous year's tax rates, tax rate ceilings, contact information for taxing entities, and the total projected property tax. For counties with a charter form of government and over one million inhabitants, assessors must also provide information on their website detailing the specific assessment methods and the basis for value computation, including any third-party data used, and offer contact information for those without internet access. These changes are phased in, with some provisions becoming effective upon the receipt of necessary software from the state tax commission.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=104729