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Cole County commissioners hear Missouri State Tax Commission compliance notice for assessor; potential funding and equalization consequences discussed
Summary
Commissioners reviewed a Jan. 31 Missouri State Tax Commission notice saying Cole County's 2023 residential sales study failed to meet MSTC parameters, and discussed possible consequences including withholding of state assessment funds and a potential equalization order.
Commissioners reviewed a notification from the Missouri State Tax Commission (MSTC) that Cole County's final residential sales study for 2023 "is not within acceptable parameters." The MSTC letter, dated Jan. 31, 2025, prompted commissioners to place the assessor's memorandum of understanding (MOU) with the state on the agenda for discussion.
Presiding Commissioner and the Western District Commissioner described the MSTC's follow-up process and potential consequences outlined in the MSTC flowchart: if the MOU is not satisfied, the state could withhold state-distributed assessment funds (the MSTC and commissioners referenced an approximate $120,000 figure) and could issue an equalization order to the board of equalization; unresolved orders could be referred to the attorney general's office. "If…
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