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Missouri Senate sets aside bill to reduce residential property assessment percentage
Summary
Senate Bill 87, sponsored by Sen. Joe Nicola, would lower the assessment percentage for residential real property but was set aside after brief floor discussion; the measure follows changes enacted under Senate Bill 190 two years ago.
The Missouri Senate on Tuesday set aside Senate Bill 87, a proposal from Senator Joe Nicola of Grain Valley that would reduce the assessment percentage for residential real property.
Senator Joe Nicola of Grain Valley, the bill sponsor, told colleagues that "this legislation seeks to reduce the assessment percentage for a residential real property. So it is a property tax…
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