The Assessor determines Fair Market value and sub-classification of all real property. Real property is assessed on a two-year cycle. Any physical change to a property which would affect value can be reflected on the tax rolls as well as any market conditions that have changed.
The Assessor's office staff has spent the last 15 months reviewing properties and market conditions. There has not been any significant market changes indicated that was County wide. Adjustments in value were made in accordance with market conditions.
If valuations change that result in an increase of assessment, a notice of increase will be sent to the taxpayer. These notices of valuation will be sent out in April. It is the property owners' responsibility to be sure the Assessor's Office has correct mailing address information. All 2015 property valuations will be available on the Franklin County website after April 1. Go to www.franklinmo.org, Assessor, Property Search. To contact Real Property Office by phone the number is 636-583-6348.
Property owners can call or visit the Assessor's Office to inquire about their valuation or request appeal forms.
The property valuations are preliminary until July 1st when the Assessor's office will certify values and convey the Assessment roll over to the County Clerk. At that time any changes made will only be through the Board of Equalization or the Circuit Court. All appeals to the Board of Equalization must be received before the third Monday in June.
Agricultural Land Value Changes:
Starting January 1, 2015, new agricultural productivity values will go into effect. The most recent study conducted for the State Tax Commission indicated an increase in productivity values per acre for agricultural and horticultural land. In December of 2013, the State Tax Commission of Missouri proposed the study’s range of productive values to the General Assembly. The legislature had 60 days to reject the recommended increase in 2014.
The values are used universally in the state. The 2015 productivity valuation increase is the first since 1995. State Statutes dictate that agricultural and horticultural properties to be assessed at 12% of true value. The agricultural land productivity value changes are as follows:
Agricultural 2015 1995
Soil Grade Ag Values Ag Values
1 $1,035 $985
2 850 810
3 645 615
4 405 385
5 205 195
6 158 150
7 79 75
8 31 30
|Franklin County Offices 400 E Locust, Union, MO. 63084 hours: M-F 8:00 AM - 4:30 PM|