Personal property taxpayers see higher bills for vehicles due to shortages

[Sherman A1]

COLUMBIA — Missouri personal property taxpayers Wednesday saw higher tax bills for vehicles this year compared to last year. Low supplies and high demands increased the values of used cars and trucks. Even if you weren’t looking to buy a new vehicle, rising car and truck prices could still impact your wallet because rising vehicle prices affected what you paid in personal property tax.

Boone County Assessor Kenny Mohr said, “We saw an increase in 2021 and we’re probably going to see an increase in vehicle values for the 2022 cycle, also.”

Mohr said while used car inventories went down and prices went up, so did personal property tax bills. Mohr said state statue forced him to use the National Automobile Dealers Association “blue book” value for vehicle assessments.

Mohr said, “According to state statues, we must use the October edition of the NADA book and use the average trade value of that vehicle. Based on that and the supply being down and the demand being high, those trade values are increasing.”

https://krcgtv.com/news/local/personal-property-taxpayers-see-higher-bills-for-vehicles-due-to-shortages

[keithbvadu2]

1. Surely the republican gov and both republican majority sides of the legislature are passing laws to

Surely the republican gov and both republican majority sides of the legislature are passing laws to prevent this tax hike?

???