HB 1836 -- Property Tax Assessment for Possessor Interests Sponsor: Flook This bill specifies that the true value in money for assessment purposes of any possessor interest in real property on or adjacent to a certain commercial airport and owned by a political subdivision will be the true value in money of the possessor interest in the real property less the total costs paid toward any new construction or improvements on the property if included in the possessor interest, unless paid by the political subdivision, regardless of the year the costs were incurred.Copyright (c) Missouri House of Representatives