Thu. Nov 30th, 2023
Whether you’re purchasing a new vehicle or paying your tax bills on the vehicles you own – it’s costing Missourians more these days.
Officials say it’s the result of low supply and high demand.
Under State statue county assessors must use values quoted in the monthly-updated Automobile Dealers Association “Blue Book” to determine vehicle assessments.
The October edition of the NADA book saw a significant increase in those values, meaning tax assessments have risen.
It’s unclear whether the trend will continue.