MO HB2395

Repeals and reenacts section 137.115, RSMo, relating to real property assessed valuation.

Adds subsection 17 establishing that beginning January 1, 2011, the true value in money of all real property for assessment purposes shall be the value as determined on January 1, 2009, or the most recent sale price of the property.

Specifies that the established true value shall remain constant for all subsequent assessments until the property is sold.

Makes technical corrections to existing assessment provisions, including updating references to subsections 3 and 17 in the statute.