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Missouri Senate sets aside bill to lower residential property assessment percentage
Summary
Senate Bill 87, sponsored by Senator Joe Nicola, would reduce the assessment percentage for residential real property but was set aside for future consideration amid questions about revenue replacement and pressure to act quickly.
On Tuesday the Missouri Senate set aside Senate Bill 87, a proposal from Senator Joe Nicola of Grain Valley that would reduce the assessment percentage applied to residential real property.
The bill’s sponsor, Senator Joe Nicola of Grain Valley, told the chamber the legislation “seeks to reduce the assessment percentage for a residential real property,” effectively…
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