The Assessor is responsible for the valuation of all taxable property in the County. Every person owning or holding 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. The political subdivisions, a.k.a. taxing jurisdictions (school districts, rural fire districts, the county library, etc.) are responsible for setting the tax rates necessary to generate the revenue needed to fund their operations. Property tax rates are set by September 1st of every year.
Missouri's property tax continues to be the largest and most reliable source of funding for the State's local governments, with approximately two-thirds of the taxes collected going to local schools. An efficient, professional assessment program ensures that this stable, steady revenue source is not only maintained but also that it is implemented in a fair and equitable fashion.