Property Valuation
In Missouri, a property owner who disagrees with their tax assessment may appeal to the:
AMissouri Real Estate Commission
BCounty Board of Equalization and ultimately the State Tax Commission✓ Correct
CMissouri Supreme Court directly
DMissouri DNR
Explanation
Property owners who disagree with their assessment first appeal to the county Board of Equalization, then to the Missouri State Tax Commission, and finally to the courts if necessary.
Related Missouri Property Valuation Questions
- A Missouri property is listed at $325,000. Three comparable sales showed values of $315,000, $320,000, and $318,000. The indicated market value is approximately:
- A Missouri appraiser values a property using the income approach. The property has gross rental income of $48,000/year, vacancy and collection losses of 5%, and operating expenses of $18,000. What is the NOI?
- A Missouri appraiser must disclose all limiting conditions and assumptions in their appraisal report. This is required by:
- A comparable property sold 6 months ago at $300,000 in a market with 2% annual appreciation. What is the time-adjusted value of the comparable for today?
- A Missouri property is over-improved when:
- External obsolescence in a Missouri property is caused by:
- Under Missouri's property tax assessment cycle, reassessments typically occur:
- Which type of depreciation in Missouri is considered incurable because the cost to fix it exceeds the value added?
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