MO HB32

Adds requirement that when the state tax commission's property assessment conflicts with a local assessor's assessment, the state tax commission must utilize the assessment method employed by the assessor.

Maintains existing assessment rates for personal property at 33⅓% of true value and real property at specified percentages (19% for subclass 1, 12% for subclass 2, and 32% for subclass 3).

Requires assessors to conduct physical inspections before increasing residential property assessments by more than 15% and to provide property owners written notice of their inspection rights.

Allows property owners in charter counties with over one million inhabitants to request interior inspections during required physical property assessments.

Maintains existing provisions for assessment maintenance plans, manufactured home assessments, motor vehicle valuation methods, and county opt-out provisions from assessment system changes.