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MO SB52

Bill

Official Source

Status

Introduced

1/5/2011

Primary Sponsor

Jane Cunningham

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Repeals and replaces section 137.076, RSMo, relating to real property assessment for tax purposes
  • Requires county assessors to consider current market conditions when establishing the value of a parcel of real property
  • Requires county assessors to consider previous decisions by the county board of equalization, state tax commission, or courts that affected the property's value
  • Defines "current market conditions" to include the impact of foreclosures, bank sales, and the average time homes remain on the market before sale

Legislative Description

Requires county assessors to consider market factors in determining value of real property for tax purposes

Last Action

S Informal Calendar S Bills for Perfection--SB 52-Cunningham

5/13/2011

Committee Referrals

Ways And Means And Fiscal Oversight1/20/2011

Full Bill Text

No bill text available