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MO SB1521
Bill
AI Summary
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Requires county assessors to notify property owners of increased valuations on or before June 15th, including the previous assessed value and information about appeal processes and deadlines
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Mandates that during general reassessment years, counties must provide property owners with a projected tax liability notice alongside the assessment increase notification
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Projected tax liability notices must include: owner information, list of all taxing political subdivisions, projected and previous tax rates for each levy, tax rate ceilings, and contact information for each taxing entity
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Requires assessors to disclose on their website the specific assessment method, basis of value computation, and any third-party documents or data relied upon in calculating assessed value
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Applies to counties with charter forms of government immediately, with other counties phased in after the State Tax Commission provides necessary implementation software
Legislative Description
Modifies provisions relating to notifications for increased property assessments
Last Action
Second Read and Referred S Select Committee on Property Taxes and the State Tax Commission Committee
2/5/2026