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Clay County assessor briefs commission on reappraisal cycle, 79% ratio and appeals
Summary
Assessor Tracy Baldwin and staff explained the county’s revaluation process, the State Tax Commission memorandum of understanding (MOU), a recent drop to a 79% sales-ratio compliance level and how reassessment affects tax bills; the office urged taxpayers to use informal hearings and appeals to raise factual issues.
Clay County’s assessor and appraisal staff told the county commission Thursday that a surge in local home sale prices over the last decade left the county’s assessments well below market value and required corrective action under state rules.
"I was elected in 2020 by the citizens of Clay County to be the next assessor," Tracy Baldwin said in opening remarks. Baldwin described the assessor’s statutory duty to value property “at a fair and equitable value” and reviewed the office’s outreach and appeal processes.
Lucas Wallingford, the assessor’s attorney, explained that Missouri law and the State Tax Commission require counties to keep assessed values near market value and that the State Tax Commission measures compliance using sales-ratio studies. Wallingford said counties are expected to be within 90% to 110% of fair market value; a county that falls outside that range can be required to sign a memorandum of understanding (MOU)…
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