Not all sales are completed at market value. Market value is the most probable price in terms of money that a property will bring in the open and competitive market. Mass appraisal is the process of valuing group(s) of properties as of January 1 of each assessment cycle, using standard methods of valuation, employing common data, and statistically testing for acceptable ratios. The Assessor does not create value, but interprets the real estate market-measuring different economic data, and changes in the real estate market value. As property values change in the marketplace, value adjustments must be reflected on the assessments to assure equitable distribution of the tax base. General economic conditions such as interest rates, inflation rates, supply and demand, and local market conditions will influence the value of real estate. I have not done anything to my property, so why is the value changing? New construction is added on an annual basis. This assures the tax burden is distributed fairly among those responsible for payment. The purpose of real estate reassessment is the equalization of value, as well as adjusting any values to better reflect current market conditions as of the tax date. Missouri law requires a re-evaluation of real estate property values every odd-numbered year. Public Health - Division of Health Services.Public Health - Division of Environmental Health and Protection. Health COVID-19 Quarantine and Isolation Questions. Health COVID-19 Orders and Actions Questions.Health COVID-19 Health and Precaution Questions.Health COVID-19 Event, Business and Organization Questions.Election Authority - Registering to Vote.Community Development - Planning and Zoning Division.Community Development - Onsite Wastewater Treatment Systems (OWTS).Community Development - Development Review Division.Community Development - Code Enforcement.Community Development - Building and Code Enforcement Division.
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