HB 1996 -- Taxation of Real Property

Sponsor:  Sutherland

This bill requires political subdivisions to provide additional
information to taxpayers prior to the public hearing for setting
the tax rates and requires by January 1, 2010, certain assessors
to uniformly assess residential property under a uniform
statewide cost system created by the State Tax Commission.

The commission must create or select an existing uniform
statewide cost system or manual for property tax reassessment no
later than January 1, 2008.  The commission will oversee the
education and certification of all assessors and certain assessor
staff.  The commission must create a form, to be supplied to
title insurance agents and real estate agents, requesting the
voluntary disclosure of residential sales information from
certain purchasers of residential property to be completed upon
closing or requiring the purchasers to check a box declining to
provide the information.  The form will specify that the
information provided will be held confidential; will not be
considered a public document under Missouri's Sunshine Law; and
will only be used by the county assessor, the commission, and the
county board of equalization to ensure accurate reassessments of
property in the county.

The duty of examining and certifying ratio studies of assessed
valuation is transferred from the Department of Elementary and
Secondary Education to the Joint Committee on Tax Policy.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:45 am