Every person owning or holding real property or tangible personal property on the first day of January, including all such property purchased on that day, shall be liable for taxes thereon during the same calendar year. Chapter 137.075 RSMO
Personal Property is assessed each year. The taxpayer is required to update all information concerning the make, model and year of autos, and purchase price and year of purchase for machinery, office equipment, etc. with the County Assessor at the start of each new year. Chapter 137.080 RSMO
Property is assessed as of January 1. Taxpayers must submit a list of personal property to the Assessor before March 1 of each calendar year.
IMPORTANT: DO NOT DELETE AN ITEM IF YOU OWNED IT on JANUARY 1 and DO NOT ADD AN ITEM IF YOU DID NOT OWN IT on JANUARY 1 .
Taxes are due on December 31 on property owned on assessment date, i.e. A person moves into Missouri on March 1, 2023. He/she is not assessed until January 1, 2024 and does not pay taxes on property owned that date until December of 2024. A person moves out of Missouri in June of 2023. He/she was assessed January 1, 2023 on property owned on that date and pays taxes for 2023 in Missouri even though he/she has moved away.
Why am I being taxed on a vehicle I no longer own?
You are taxed based on vehicles owned on January 1st of the tax year. Even if you no longer own the vehicles, even if you now own different vehicles, even if you now own no vehicles, you still pay tax based on what you owned on the first day of the year.
Why is my tax bill so high?
The amount of tax you owe is based on the personal property you owned January 1st of that year. The assessed value of vehicles is 33 1/3%, farm equipment 12%, and commercial personal property is 32% of the appraised value. The assessed value is the amount in which you pay taxes on and can be found in the lower right side of your tax statement. The assessed value is taken times the levy amount for your tax district to determine your tax amount owed. Tax Levy's can change every year.
I am no longer a Missouri resident, do I still owe?
Yes. By state law, your tax obligation is established on January 1st. Even if you move to a different state the next day, you are still taxable for the year. Unfortunately, the law makes no provision for pro-rating the tax bill.
How do I avoid paying late fees?
Your payment must be postmarked no later than December 31st. Payments postmarked after that date will be returned for late penalties.
What do I need in order to get my license plates?
You will need to take the following information to the license bureau: A paid tax receipt or waiver from the previous year; an inspection slip (unless the car is new); proof of insurance, and a renewal notice if available.