Missouri's Property Tax Cap Offers Limited Relief
Originally Published 12 days ago — by Missouri Independent
Missouri property owners, especially in Hamilton, face significantly higher tax bills due to reassessment practices that increase property values faster than the overall market, with proposed reforms like separate tax rates for different property classes to address inequities. The current system dilutes the effect of tax caps, leading to shifting burdens among property types, and efforts are underway to improve assessment fairness and transparency.