Is all personal property assessed at the same rate?

No.

MO State Statute 137.080
By law, personal property is divided into sub classes.

Grain    ½ of 1% of true market value
Livestock    12% of true market value
Motor Vehicles    33 ⅓% of true market value
Manufactured Homes    19% of true market value
Historic Aircraft & Vehicles    5% of true market value
All other personal property    33 ⅓% of true market value

Classification and assessment ratios are set by the State Law and cannot be changed by the Assessor.

Show All Answers

1. What is Personal Property?
2. Am I eligible for a tax waiver on my personal property?
3. Why do I need to have my Title to get a waiver?
4. How do I fill out my assessment list?
5. What do I bring if I am a Missouri resident moving to Buchanan County from another Missouri county?
6. Why am I being taxed for a vehicle I no longer own?
7. Why do I owe taxes even if I am no longer a Missouri resident?
8. The property is titled in my name, but I don't drive it. Do I still have to claim it?
9. Who pays the tax bill if I am separated/divorced?
10. Why is my tax bill so high?
11. Why is there a FILING PENALTY on my bill?
12. Is all personal property assessed at the same rate?