Section 23 Levy of Taxes

LibraryTax Law 2009

The rate of tax levied against a property is as important to the taxpayer as the subclassification and the valuation. Generally, the rate is established by the county commission after the tax book is corrected and adjusted by law. Each political subdivision must set its own rates. Section 67.110.1, RSMo Supp. 2007. The rates must be set by September 20 for all jurisdictions except the City of St. Louis
and charter counties, for which the rates must be set by October 1. Section 137.055.1, RSMo, as amended by S.B. 711. Fixing the tax rate can be done only after a public hearing. Section 137.055.2.

Tax rate ceilings are established under the Hancock Amendment. Mo. Const. art. X, § 22; see Green v. Lebanon R-III Sch. Dist.,
13 S.W.3d 278 (Mo. banc 2000). Levy rates are intended to produce substantially the same amount of tax revenue, exclusive of new construction and improvements, as was produced in the previous year. But levy rates may be revised to allow for inflationary assessment growth limited to the actual assessment growth in the political subdivision—excluding new construction...

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