How to Appeal Your Missouri Property Tax Assessment

Property taxes can significantly impact homeowners, making it essential to ensure that your property tax assessment accurately reflects your property's value. In Missouri, if you believe your property has been overvalued, you have the right to appeal your property tax assessment. Here’s a step-by-step guide on how to navigate this process effectively.

Understand the Assessment Process

Before appealing your assessment, it's crucial to understand how property assessments are determined in Missouri. The local assessor evaluates your property based on various factors, including its size, location, and condition. Familiarize yourself with the assessment process to build your case for an appeal.

Review Your Assessment

Your first step is to examine your property tax assessment statement thoroughly. This document outlines the assessed value of your property, the tax rate, and the total amount owed. Look for any discrepancies, such as clerical errors or incorrect information regarding your property's characteristics.

Gather Evidence

To support your appeal, collect evidence that demonstrates your property’s value is lower than the assessed amount. Useful documents include:

• Comparative market analysis (CMA) from a real estate professional
• Recent sales data for similar properties in your area
• Photographs of your property, highlighting any issues or conditions affecting its value
• Any recent property appraisals

File Your Appeal

In Missouri, you must file your appeal with the Board of Equalization in your county. This process typically begins in the spring after assessments are released. Follow these steps to file your appeal:

1. Obtain and complete the appeal form from your county's Board of Equalization office or website.
2. Attach all supporting documentation that backs your claim.
3. Submit the completed appeal form and documentation before the deadline, which usually falls in early July.

Prepare for the Hearing

Once your appeal is submitted, you may be scheduled to attend a hearing. Be prepared to present your case clearly and succinctly. Bring copies of all documentation and any witnesses (like a real estate agent) who can support your claim. Structure your presentation by following these points:

• Briefly state your reason for the appeal.
• Present evidence and explain how it supports your argument.
• Be respectful and concise; adhere to any time limits set by the board.

Await the Decision

After the hearing, the Board of Equalization will deliberate and issue a decision. You will receive written notification of the board's ruling. If you are satisfied with the outcome, you can begin to adjust your budget. If not, you have the right to appeal to the State Tax Commission of Missouri within 30 days of the board’s decision.

Consider Professional Help

If you find the process overwhelming or believe your case requires additional expertise, consider hiring a property tax consultant or attorney. They can guide you through the appeal process, prepare your evidence, and represent you at hearings.

Conclusion

Appealing your Missouri property tax assessment can be a straightforward process if you understand the steps involved. By carefully reviewing your assessment, gathering solid evidence, and effectively presenting your case, you can work towards a fair property tax valuation. Remember, it’s essential to stay informed of deadlines and prepare thoroughly to increase your chances for a successful outcome.