Senate Bill 588 Summary

• Repeals and replaces sections 137.180 and 137.355 of Missouri law relating to property assessment notices and projected tax liability notifications.

• Requires charter form government counties (except those adopting charters after January 1, 2008) to notify record owners of increased property valuations by June 15th and include projected tax liability notices during general reassessment years.

• Requires other Missouri counties to provide similar notices of increased valuations and projected tax liability after receiving necessary software from the state tax commission, with implementation effective the first day of January following software receipt.

• Mandates projected tax liability notices include owner information, all taxing political subdivisions, current and previous year tax rates, rate ceilings, contact information, and total projected tax liability.

• Requires charter form government counties with over one million inhabitants to provide assessors' website information and contact details so taxpayers can access assessment methods and computation information.