Personal Property - Individual

Explanation of Individual Personal Property Tax

Assessment lists are mailed in January and are due by April 1st of every year (if April 1st is a Saturday or Sunday, then the due date will be the next business day). Penalties apply if lists are turned in late.



The tax bill you receive at the end of the year reflects property owned on January 1 of the same year (including any property purchased on that day).

Examples of Personal Property that need to be declared (not an exhaustive list):
  • Auto
  • Truck
  • Motorcycle
  • Boat 
  • RV
  • Trailer
  • Airplane
  • Motor
  • Historical Vehicles
  • Camper/Travel Trailer
  • Conversion Van
  • Bus

Personal property is assessed at 33 and one-third percent (one third) of its value.

Example:
$15,000 market value / 3 = $5,000 assessed value

Taxes are imposed on the assessed value.

Vehicle values are based on the average trade-in value as published by the National Automobile Dealers Association (RSMo 137.115.9).

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