Show-Me Property Tax Outrage Again

There's not a lot new in this report but we thought it was worth linking if only to remind readers of an ongoing crisis that sadly . . . The Missouri GOP Super Majority wasn't able to avoid.

Check-it . . .

“Due to supply chain problems, chip shortages, and record-high inflation, fewer motor vehicles have been available in the market while overall demand for vehicles has remained high,” the Missouri State Tax Commission said in a press release. “Consequently, the values of motor vehicles have been driven upward.”

County personal property tax rates in Missouri are determined by the county assessors, who are required by law to value property at “fair market value,” according to the state tax commission. To do so for motor vehicles, Missouri law requires the assessors to use the trade-in value of the vehicle published in that year’s October issue of the National Automobile Dealers’ Association (NADA) price guide.

Read more via link . . .

Missourians grappling with increased personal property tax rates, legislators working on a fix

A new kind of "sticker shock" is now hitting thousands of Missourians as vehicle owners are noticing sharp increases in county property tax rates compared to 2021. Unfortunately, the reason for this may be easy to explain, but much harder to overcome for many Missouri families.