Property Valuation
In Missouri, a property's assessed value for tax purposes is appealed to the county Board of Equalization. The BOE's decision may be further appealed to the:
AMissouri Supreme Court directly
BState Tax Commission (STC)✓ Correct
CMREC
DMissouri Governor's office
Explanation
After the county Board of Equalization, property owners can further appeal to the Missouri State Tax Commission (STC) and ultimately to the Missouri Court of Appeals.
Related Missouri Property Valuation Questions
- The sales comparison approach to value is MOST appropriate for:
- In Missouri, property tax appeals are heard by the:
- Missouri assessors must reassess all real property how often?
- In Missouri, the market data approach (sales comparison) requires the appraiser to make adjustments for differences between comparable sales and the subject property. An adjustment for a feature the subject has but the comparable lacks is:
- The principle of conformity in Missouri appraisal means that:
- A Missouri appraiser concludes a value of $285,000. They note that the sales comparison approach was given the most weight because:
- A Missouri appraiser uses a cost approach on a 20-year-old home with an economic life of 50 years. The percentage depreciation using age-life method is:
- In Missouri, a property that is 'under-improved' relative to its highest and best use is one where:
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