Property Tax Alert: Missouri

August 2006

A regulation pertaining to appraisal evidence is amended to change the requirements for personal property appraisal reports for Missouri property tax purposes. The regulation removes the current requirements and simply stipulates that an appraisal report for personal property should conform to Uniform Standards of Professional Appraisal Practice (USPAP) requirements for a summary appraisal. Currently, an appraisal report must be paginated for easy reference and contain a narrative introduction that states the purpose of the appraisal, a description of the subject property, a narrative explanation of the approaches to value used, a narrative explanation of the correlation of all approaches used, a final opinion of the value of the property, and the signature of the appraiser.

Please contact Rash & Associates for more information.