Tax & Accounting Blog

Property Tax Changes In Missouri

Blog, ONESOURCE, ONESOURCE Property Tax September 30, 2013

Missouri – Neighborhood Improvement Districts

Prior to any assessment being levied or any lien being imposed on any real property within a neighborhood improvement district (NID), new legislation requires the county or city clerk of the governing body establishing a NID to record a document with the recorder of deeds for the county in which any portion of the NID is located. The document must contain:

  • The grantors, i.e., each owner of record of real property within the NID
  • The grantees, i.e., the governing body establishing the district and the title of any official or agency responsible for collecting or enforcing assessments of the NID
  • The legal description of the property within the NID
  • A copy of the resolution or ordinance creating the NID, or the identifying number

New legislation also allows the Jackson County Collector to assess a fee for the collection of special property assessments in a neighborhood improvement district. L. 2013, H1053, effective 09/11/2013.

Missouri – Property Assessments

Recent modifications to L. 2013, H1053, effective 09/11/201:

  • Allows a taxing authority to submit an amended property tax rate filing, with an explanation for the needed changes, to the state auditor’s office
  • Requires the assessed valuation of any tractor or trailer used in interstate commerce to be apportioned to Missouri based on the ratio of miles traveled instate to miles traveled in the United States during the preceding tax year or on the basis of the most recent annual mileage figures available for property tax assessed valuation purposes
  • Requires the county assessor who uses a value that is greater than the average trade-in value in determining the true value of a motor vehicle to perform a physical inspection, unless the vehicle’s model year is two years old or newer
  • Requires the State Tax Commission to assign a hearing officer no later than 60 days after an appeal is filed by a taxpayer regarding a decision by the local board of equalization regarding property assessment if no scheduling order has been issued