Section 7 Limitations on Rate of Taxation

• Library: Tax Law 2009

The municipal corporation may not assess property at a value in excess of the assessed valuation of the same property for state and county purposes. Naegele Outdoor Adver. Co. v. Kansas City, 509 S.W.2d 128 (Mo. 1974); Mo. Const. art. X, § 11(a). Under article X, § 11(b), of the Missouri Constitution, the municipality is limited to $1 per $100 assessed valuation in the imposition of taxes for proper purposes. Among other entities, the municipality may increase its rate of taxation beyond the limitation...