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 and Business 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.
Why am I being assessed on a vehicle I no longer own?
You are assessed 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 are still assessed based on what you owned on the first day of the 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 assessment penalties?
According to state statute you are required to return your assessment list by March 1st each year.
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 (if applicable); proof of insurance, and a renewal notice if available.