HB 1057 -- Property Tax:  Assessments

Sponsor:  Byrd

This bill limits any increase in the assessed valuation of real
property owned and occupied by a person 65 years of age or older
to the increase in personal income as defined in Article X,
Section 17 of the Missouri Constitution.  This limit will not
apply to new construction, certain improvements, or in cases of
an intervening sale of the parcel.

The bill also sets minimum requirements for physical inspection
of real property by an assessor and limits the increase of
assessed valuation of the property to 17% if a physical
inspection is not performed as provided by law.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:00 am