File #: 3568    Version: Name: Opt out of the way property tax is assessed in the state.
Type: Ordinance Status: Passed
File created: 11/8/2004 In control: Legislature As A Whole
On agenda: 11/8/2004 Final action: 11/29/2004
Title: AN ORDINANCE stating the intent of Jackson County, Missouri to exercise its statutory right to opt out of the provisions of Section 137.073, RSMo, which establishes the way property tax is assessed in the state by requiring separate tax rates for each class of property.
Sponsors: Scott Burnett
Indexes: OPT (OUT OF THE WAY PROPERTY TAX)
Attachments: 1. 3568 adopted.pdf
Floor Substitute
Legislature as a Whole
November 22, 2004

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE stating the intent of Jackson County, Missouri to exercise its statutory right to opt out of the provisions of Section 137.073, RSMo, which establishes the way property tax is assessed in the state by requiring separate tax rates for each class of property.

Intro
ORDINANCE # 3568, November 8, 2004

INTRODUCED BY Scott Burnett, County Legislator


Body
WHEREAS, the Missouri General Assembly passed and the Governor signed Senate Bill 960 establishing a new way for counties to set tax rates which the General Assembly enacted in HB 1150 in 2002 in an attempt to correct problems in property tax assessments in Missouri; and,

WHEREAS, the legislation authorizes counties to opt out of the legislation revising the way property tax is assessed in the state by requiring separate tax rates for each class of property by ordinance of the governing body; now therefore,

BE IT ORDAINED by the County Legislature of Jackson County, Missouri, as follows:

Section 1. The County of Jackson hereby exercises its statutory right to opt out of the provisions of Section 137.073, RSMo, which establishes the way property tax is assessed in the state by requiring separate tax rates for each class of property.
Section 2. This ordinance shall be in full force and effect from and after the date of its passage and approval.

Section 3. For the purposes of applying the opt-out provision of this bill, a political subdivision contained within two or more counties where at least one of such counties has opted out and at least one of such counties has not opted out shall calculate the separate rates for the three subclasses of real property and the aggregate class of personal property as required by Section 137.073, RSMo, provided that such political subdivision shall also provide a single blended ra...

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