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