How Missouri's Tax Code Regulates Property Tax Appeals

Understanding how Missouri’s tax code regulates property tax appeals is essential for property owners seeking to challenge their property assessments. The state provides a structured process that allows taxpayers to appeal their property tax assessments, ensuring that they are taxed fairly based on accurate property values.

In Missouri, property taxes are based on the assessed value of real estate. Each year, the local assessor determines this value, which is then used to calculate the property tax owed. If property owners believe that their assessment is incorrect, they have the right to appeal. The process is governed by Missouri Revised Statutes, particularly sections 137.060 to 137.100, which outline the steps for appealing property tax assessments.

The first step in the appeals process is to contact the local assessor's office to discuss the assessment. This informal meeting can often resolve discrepancies and may lead to a more accurate assessment without formal proceedings. However, if the issue remains unresolved, the property owner can file a formal appeal.

To formally appeal an assessment, property owners must submit a written complaint to the Board of Equalization (BOE) in their county. This complaint must typically be filed by July 1, following the notice of valuation. The appeal should include a detailed explanation of why the owner believes the assessment is incorrect, along with any supporting documentation, such as recent appraisals, comparable property assessments, or photographs of the property.

After the complaint is filed, the Board of Equalization will schedule a hearing. During this hearing, property owners will have the opportunity to present their case before the board. It is crucial to be well-prepared for this hearing, which may involve presenting evidence and witnesses to support the appeal. The BOE will then make a determination regarding the assessment, which can result in a reduction, increase, or affirmation of the original assessment.

If the property owner is dissatisfied with the BOE's decision, they have the option to further appeal to the Missouri State Tax Commission. This appeal must be filed within 30 days of the BOE's decision. The State Tax Commission will conduct a hearing where both the property owner and the local assessor can present their evidence and arguments. The commission aims to ensure that property taxes are assessed equitably across the state.

It’s important to note that property tax appeals in Missouri are time-sensitive. Property owners must adhere to strict deadlines for filing appeals at both the county and state levels. Additionally, understanding the local real estate market and preparing robust evidence to support one’s case can significantly affect the outcome of an appeal.

In summary, Missouri’s tax code provides a clear framework for property tax appeals, giving property owners the means to contest their property assessments. By utilizing the processes set forth by state law, homeowners can ensure that they are not overpaying in property taxes and that their properties are fairly assessed based on current market conditions.