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Missouri counties told state lawmakers that they needed more information when it comes to putting the freeze in place. Some revisions were made this year, but some lawmakers contend that it will take a third try to get the program right.
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Missouri adopted a law this year that lets counties freeze property tax assessment when homeowners become eligible for Social Security. Jackson County and four other counties have already made the decision to give seniors a tax break — but others worry about how it will affect their budgets.
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Thousands of senior citizens in Jackson County will soon be eligible for a property tax break following this year’s most recent assessments, which saw home values spike by 40% or more. But how will that affect schools?
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Independence is the second Jackson County city, after Lee's Summit, to file a lawsuit over the property assessment process. Tens of thousands of property owners have already appealed their assessments, some of which increased by more than 90%.
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The city of Mission has terminated its multi-million dollar deal to bring a new, $270 million mixed-use development to the long-vacant Mission Gateway site. The reason: Its owner failed to pay property taxes. Now it's back to the drawing board.
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The city of Mission said it decided to terminate its deal to bring a $270 million mixed-use development to the long-vacant Mission Gateway site, after the owner failed to pay almost half a million dollars in property taxes by deadline.
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This is the second time in five years that property owners in Jackson County have seen dramatic leaps in the county’s assessment of their home’s value. One big reason is that more out-of-state investors are purchasing Kansas City homes to flip them or rent them out — shrinking the supply and increasing prices.
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Jackson County property tax assessments, required every two years by a Missouri state statute, are causing concern and frustration among some residents who saw a significant increase in the valuation of their home. Some owners have seen spikes of more than 200%, and the deadline for filing an appeal is coming up fast.
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Some Jackson County residents report their property tax assessments are up 90% from two years ago. On Friday, the Jackson County Board of Equalization extended the deadline to file formal appeals.
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Jackson County has warned that property assessments are increasing this year, and although that does not necessarily mean an increase in property tax bills, many homeowners are reminded of the rocky assessment cycle in 2019, when 24,000 property owners saw their assessments double.
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Nebraska Furniture Mart Could Win Back $1.5 Million From Kansas City, Kansas, In ‘Dark Store’ BattleThe Kansas Board of Tax Appeals sided with Nebraska Furniture Mart's protest of its tax bill in Wyandotte County in the latest of so-called "dark store theory" cases.
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Property owners in eight Jackson County neighborhoods can expect "significantly higher assessed valuations in 2021," according to new County Administrator…