HB 416 -- PROPERTY TAX:  ASSESSMENT COST

CO-SPONSORS:  Rector, Cooper (120), Davis (122)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Local
Government by a vote of 16 to 0.

Under current law, Cass County is required to deposit 0.1% of all
ad valorem property taxes collected within the county on newly
constructed and occupied residential property into the county
assessment fund for collection costs.  This bill increases the
required deposit to 0.2% of these collections.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that Cass County is an occupancy
assessment county.  Occupancy assessment is the assessment of
property when a structure is occupied instead of waiting to
assess the property at the end of the year.  Occupancy
assessments brings in more money for the county but are more
difficult for the assessor.  The Cass County assessor needs more
funds to continue doing occupancy assessments.

Testifying for the bill was Representative Rector.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am