Property Tax Alert: Missouri

August 2005

Legislation has been enacted that changes provisions regarding Missouri property tax assessment. Effective August 28, 2005, each taxing authority, for property tax rate setting purposes, is required to exclude from its total assessed valuation 72% of the total amount of business personal property that is the subject of an appeal with the State Tax Commission or in a court. This exclusion applies only to the portion of property that is disputed in the appeal. If the taxing authority uses a multi-rate approach, this exclusion is made from the personal property class.

In addition, effective August 28, 2005, studio broadcast equipment, transmitter and antenna equipment, and broadcast towers are added to the property tax depreciation schedules for broadcasting equipment.

Please contact Rash & Associates for more information.