- Longtime downtown Cape bartender Marcellus Jones remembered by friends (6/12/18)2
- Peter Kinder resigns federal agency post, concludes position unnecessary and waste of tax dollars (6/16/18)2
- Stormy Daniels to visit East Cape Girardeau (6/13/18)20
- Singer Neal Boyd dies after struggle with health issues (6/12/18)1
- Feeding deer in Bollinger, Cape and Perry counties prohibited soon to help curb spread of CWD (6/13/18)7
- Cape man charged with stabbing, killing dog for revenge (6/8/18)9
- Couple charged in beating death at Brick's (6/13/18)
- A community rallies behind Honorable Young Men's Club (6/16/18)
- New Zaxby's restaurant open in Cape (6/13/18)3
- New urban dance studio opens on Broadway (6/15/18)2
Counties across Missouri are in the midst of their every-other-year reassessment process. County assessors will be notifying owners by May of the values at which their property will be assessed for tax purposes.
Under reassessment, property is supposed to be taxed based on current market values. With the economic downturn of the past year and declining real estate values to varying degrees across the country, many property owners wonder if they will see a reduction in their assessed values and, as a result, lower property taxes.
That's not like to occur, say some of the county assessors in Southeast Missouri. But while assessments aren't likely to drop, they aren't likely to go up unless there have been significant property improvements to warrant an increase.
For taxpayers who don't agree with their assessments, there is a process for appeals. It starts with the board of equalization in each county, whose decisions can be appealed to the Missouri State Tax Commission. Beyond that, taxpayers can ask a circuit court judge to decide on disputed assessments.
Take a look at your assessment notice when it arrives in the mail in a month or so. If you're not satisfied, call the assessor's office in your county and get complete information on the appeal process.