SCS SB 16 -- County Assessment Fund

Sponsor:  Childers

This substitute reenacts a statute declared unconstitutional on
procedural grounds which requires that 1% of the property taxes
collected against the first $500 million of assessed valuation in
all counties that become counties of the first classification
after September 1, 2000, and 0.5% on all taxes collected on the
remainder of taxes collected against property in excess of $500
million be deposited in the county assessment fund.  In order to
allocate these percentages among each political subdivision in
the county, the assessor must determine the percentage of total
property valuation divided into $500 million.  The collector is
required to retain 1% of that percentage of collections from each
political subdivision's property taxes for the county assessment
fund and 0.5% on the remainder, also for the county assessment
fund.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am