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MISSOURI STATE (2010-2-1) The Missouri senate overwhelmingly passes a resolution, rejecting the state tax commission's move to re-asses property values for Missouri farmland.
The commission recommended paising the productive value of the State's best AG land by 29% and lowering values on low-producing lots by 25%. GOP senator Bill Stouffer says in addition to crop growers, the move would hurt cattle ranchers, even though pasture land assessments would go down. It looks like the idea is all but dead. The measure now goes to the Missouri House which last week passed a similar resolution opposing a re-assessment.
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