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State Tax Commission warns Cole County it may withhold assessment maintenance funds after sales‑ratio findings
Summary
A May 30 letter from the Missouri State Tax Commission to the Cole County assessor, read at the June 3 commission meeting, said the county’s residential values fell well below market in the latest sales‑ratio study and that state reimbursement funds could be withheld until the county complies with an assessment maintenance plan.
Commissioners on June 3 made public a May 30 letter from the Missouri State Tax Commission (STC) to the Cole County assessor stating the county’s most recent residential sales‑ratio study indicated residential values were “below market value” and that state assessment maintenance funds will be withheld unless the county files a plan to return to compliance.
The STC letter, presented aloud at the commission meeting, said the office had attempted to contact the county assessor by phone and email and invited the assessor to work with state assessment representatives on a memorandum of understanding for 2025 maintenance activities. The letter warned that “state reimbursement monies will only be distributed to the county assessment fund if the county…
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