MO SB1522

Caps motor vehicle assessments for vehicles valued under $50,000 at the previous year's assessed amount, effective January 1, 2025

Requires physical inspections of residential property to be completed before July 1st of the reassessment year when assessments increase more than 15%, and voids the increased assessment if the assessor fails to prove compliance with inspection requirements

Removes the presumption that an assessor's valuation is correct in property tax appeals, shifting the burden of proof to the assessor in charter counties with over 280,000 inhabitants, counties with over 1 million inhabitants, independent cities, and cases where assessed value increased at least 15%

Increases attorney's fee awards for successful property tax appeals from $1,000 to $5,000 for residential properties and from $4,000 to $5,000 for utility/industrial properties, and makes fee recovery mandatory rather than optional in first class charter counties and independent cities

Requires tax collectors to issue refunds within 30 days of a final determination, with interest penalties accruing if refunds are delayed beyond that period