MO HB2258

Changes section 137.073, RSMo regarding revisions of prior tax levies and tax rate calculations for political subdivisions.

Modifies the requirement for political subdivisions to revise tax rates when multiple property subclasses produce different tax revenue than a single tax rate calculation, allowing them to "may" instead of "shall" revise rates for subclasses experiencing tax rate reductions.

Adds provisions allowing political subdivisions that experience reduction in assessed valuation due to state tax commission decisions or court orders to revise their tax rate ceiling and recoup lost revenues over up to three years.

Requires school districts levying separate rates on different subclasses of real property and personal property to use a "blended rate" calculation when voters approve separate stated tax rates for each subclass.

Maintains existing provisions for county clerk notification of valuation changes, voter approval requirements for tax rate increases, and state auditor review of tax rate compliance.