HB 601 -- Assessed Valuation of Real Property

Sponsor:  Scharnhorst

Beginning January 1, 2009, this bill limits the increase in the
assessed valuation on a principal residence to the percentage of
increase in the federal Consumer Price Index in the previous
year.  The bill requires assessors to reflect decreases in
assessed valuation, use foreclosure sale information in
determining comparable home values, and have the residence
appraised if the assessor is unable to determine whether the
assessed valuation should be decreased.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am