- Introduced -

SB 535 - This act clarifies the requirements for equivalent sales ratio studies by the State Tax Commission. Currently, in determining the equivalent sales ratio used to equalize property assessments and school operating levies, the State Tax Commission is required, pursuant to Section 163.011, RSMo, to conduct a second study for any county which has an equivalent sales ratio below 31 2/3% (more than 5% below the target value of 33 1/3%). The act clarifies that the second study shall include the same set of parcels used in the first study plus an equal number of newly selected parcels.

OTTO FAJEN