Living Guide to Missouri's Property Tax:
Taxable Values (Assessments)
Property taxes are determined by two key components: the establishment
of value and the rate at which the value will be taxed. Recent attention
has focused on how property tax rates are set with little discussion
of how property values are determined. Previous research by the
PFI has shown that significant disparity exists within the system
that is not being addressed by policymakers. This section will contain research regarding several aspects of property assessment in Missouri, including:
- Assessor Selection, Qualifications, and Training
- Assessor Methodology and Technology
- Assessment Accuracy and Volatility
- The Reassessment Calendar
- Assessment Incentives and Consequences
- State Supervision and Enforcement
- Options for Improvement and Reform