HB 1833 -- Property Tax:  Property Tax Assessments

Sponsor:  Hendrickson

This bill changes the reassessment cycle for real property tax
from every two years to every four years.  One-fourth of the
properties will be assessed each year during the four-year cycle
beginning January 1, 2006.

The bill also defines improvements to real property to mean any
improvement valued at more than 10% of the assessed value of the
property and defines physical inspection to include personal
observation by the assessor of various aspects of the property.

The bill will become effective January 1, 2003.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am