HB 257 -- Property Tax Assessment Limit

Sponsor:  Cunningham (86)

This bill changes from two to five years the cycle for
determining assessed valuation of real property for the purpose
of real property taxation.

Any increase in the assessment of residential property is limited
to 10% over 5 years or the average percentage change in the personal
income of Missouri for the five previous years, whichever is
less.  A property owner can request a physical inspection of the
property by the assessor when their assessed valuation increases.
The bill also removes language that places the burden of proof
upon the city or county when a physical inspection is required.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm