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Bill

HB 3476

Modifies provisions governing the calculation of assessed valuation of real and personal property

2026 Regular Session Introduced by Rodger Reedy

HB 3476 alters Missouri's real and personal property tax assessment valuation calculations, potentially affecting property tax bills and local government revenues.

Referred: Emerging Issues(H)
#countyofficials #property #realandpersonal #taxationandrevenue-property
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Bill Summary · HB 3476

Legislative bill overview

HB 3476 modifies how Missouri calculates the assessed valuation of real and personal property for tax purposes. The bill was recently introduced in the Missouri House and is currently in early legislative stages. Specific amendments are not yet publicly detailed in available records.

Why is this important

Property assessment valuations directly affect property tax bills for homeowners and businesses, as well as tax revenue for schools, counties, and municipalities. Changes to valuation calculation methods can significantly redistribute the tax burden across different property types and geographic areas.

Potential points of contention

  • Impact on tax distribution: Modifications to assessment formulas may shift tax obligations between residential, commercial, industrial, and agricultural properties
  • Revenue uncertainty: Local governments and schools may face revenue changes if valuation methods are altered, affecting budgets for services
  • Implementation complexity: New calculation methods require property tax assessors statewide to retrain and potentially purchase new software systems

Compiled from official sources — confirm details with the bill’s official record.

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