The Missouri property tax appeal deadline is rapidly approaching, and the window for informal appeal opportunities will close in the coming weeks. Counties such as Clay will be reviewing informal requests in May, ahead of the formal deadline. Taxpayers that do not act to lower assessments could see up to a 20% assessment increase.
Missouri law requires that property be assessed at the following percentages of true value:
- Personal Property: 33.3%
- Residential Real Property: 19%
- Agricultural Real Property: 12%
- All Other Real Property: 32%
In Missouri, the formal deadline to file a property tax appeal to the Board of Equalization is Monday, July 10, 2023. The local experts at Ryan have a proven history of successfully reducing property tax assessments and can assist with navigating the Missouri appeal process. For assistance with reducing your property tax assessment, contact one of the Ryan experts listed below today.
TECHNICAL INFORMATION CONTACTS:
John Minogue
Principal
Ryan
312.980.1168
john.minogue@ryan.com
Jeff Pence
Director
Ryan
913.338.2005
jeff.pence@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.
- Topics
- John Minogue
- Property Tax
- Missouri