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  • 01. What is an Assessor?

    Under Missouri law, the Assessor, along with a team comprising professional appraisers, analysts, and managers, is mandated to determine the market worth of both real estate and personal property. Reassessments are conducted across the county every two years, specifically in odd-numbered years. Personal property is assessed each year, this includes vehicles, boats, storage sheds, business equipment, livestock and many other items as set by Missouri Law. Although the values documented in the assessment rolls are utilized to compute yearly property taxes, it’s important to note that the Assessor doesn’t establish tax rates, compute tax amounts, or handle tax collection.

    Additionally, the Assessor’s responsibilities encompass:

    1. Sustaining up-to-date ownership data for personal property, encompassing vehicles and equipment, as well as real estate.
    2. Regularly updating property attributes, covering both land and any improvements made.
    3. Analyzing trends within the real estate realm, which includes rental rates, sale prices, and construction expenditures.
  • 02. Market Value vs. Assessed Value

    Market Value: is the most probable price in terms of money a property will bring in an open and competitive market. Not all sales are at actual market value, the Assessor must set the fair market value of each property in Greene County as required by law. The value assigned by the Assessor’s Office should represent fair market value as of January 1 of the tax year.

    The only properties not valued at market are active agricultural properties which are valued in soil productivity grades as outlined in Missouri Statutes.

    Assessed Value: A statutory percentage of market value used in the calculation of real property taxes. (RSMo. 137.115.3.1) Residential 19% Agricultural 12% Commercial 32%

  • 03. Appeals Process

    In Missouri you have the right to appeal the value placed on your property by your Assessor. The process of appealing a property should start by contacting your local Assessor and requesting a informal hearing. It is important to note that you are not required to have an informal hearing to file with your local Board of Equalization (BOE). You must appeal to the Board of Equalization to be eligible to appeal to the State Tax Commission. The following is a guide to understand the process. Please understand that each county could be different and have different deadlines. Always contact your local Assessor’s Office for more details.

    INFORMAL HEARINGS

    These are conducted by a member of the Assessor’s staff. This is an opportunity to discuss the value of your property. You are strongly encouraged to bring any documents or information about your property’s value. Contact your local Assessor’s Office for Informal Hearings.

    BOARD OF EQUALIZATION

    These appeals are conducted after the informal hearing process beginning in July of the current year. The appeal form for this process is provided by your local County Clerks Office. Appeals to the BOE are required to be filled no later than the second Monday in July. Cau­tion: Failure to file with the Board of

    Equalization precludes a further appeal to the next level of the appeal process, the MO State Tax Commission.

    STATE TAX COMMISSION

    The Deadline for filing an appeal at this level is September 30th in the current year or 30 days after the date of the BOE decision (The dead­line for properties purchased after the second Monday in June is

    December 31st). Hearings will be held via Zoom or in person upon request with the hearing officer. A professional appraisal is expected on property classified as Commer­cial/All other. The parcel must have been appealed to the BOE in order to appeal at this level.

     

  • 04. Missouri State Tax Commission

    The Commission measures the accuracy of assessments in each county and works with assessors to promote an accurate and fair assessment program. It conducts seminars and training sessions for assessors and their staffs. The Commission also hears taxpayers’ appeals from the local Boards of Equalization, and is responsible for the statewide assessment of the property of railroads, airlines, pipelines, electric and telecommunication companies.

    The State Tax Commission is an administrative agency under the direction of three commissioners who are appointed by the Governor and approved by the Senate. The Commission is given the responsibility of ensuring the uniform and equitable assessment of all taxable tangible property in the state. To assist the Commission in fulfilling this responsibility, there is a staff of appraisers, technicians, and hearing officers located in Jefferson City and throughout the state.

    Important contacts for the Missouri State Tax Commission

    www.stc.mo.gov

    • ?Administrative:
    • Legal:
    • Local Assistance:
    • Original Assessment:
      • Values public utilities, railroads and other property that typically crosses many county boundaries.
      • Contact: Originalassessment@stc.mo.gov
  • 05. Missouri Statutes

    Missouri Statutes regarding the Assessment process can be found in Chapter 137. https://revisor.mo.gov/main/OneChapter.aspx?chapter=137

    Missouri Statutes regarding the Board of Equalization and the STC can be found in Chapter 138. https://revisor.mo.gov/main/OneChapter.aspx?chapter=138