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Assessor: State Tax Commission MOU requires 15% increase; county to begin reassessment work
Summary
The county assessor reported receipt of a memorandum of understanding from the State Tax Commission noting the county’s assessment ratio at 73% and indicating an expected 15% adjustment; county officials said a reassessment is required after roughly 20 years since the last countywide reassessment.
The St. Francois County assessor told commissioners the office received a memorandum of understanding from the State Tax Commission saying the county’s assessment ratio is 73 percent and that the county would need to implement a 15 percent increase to comply.
The assessor (identified in the record as Eric) said the State Tax Commission oversees assessor offices and that roughly 90 offices statewide had received similar MOUs. He told the board the county’s last full reassessment was “in about 20 years,” and that state rules call for reassessments every two years.
When asked whether the state can withhold funds if the county does not comply, the assessor said the state may penalize counties by withholding funds and that the county had experienced withholding in the past when reassessments were not completed.
The assessor advised residents to contact either the county assessor’s office or the State Tax Commission with questions; he said the State Tax Commission would explain why the 15 percent figure was set. No formal board action or vote was recorded on this item in the transcript.
