County assessors soon may have to consider market factors
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County assessors soon may have to consider market factors

Date: May 1, 2012
By: Sherman Fabes
State Capitol Bureau
Links: SB 510

After nearly passing the Senate unanimously, a House committee passes bill to mandate county assessors to consider market factors, Tuesday night.
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Wrap: The bill that was unanimously passed through the House governmental affairs committee, requires county assessors to consider market factors in determining value of real property for tax purposes.

The bill has already passed in the Senate and Senator Jane Cunningham says this is the fair thing to do.

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Description: "Thirty percent of the homes on the market right now are foreclosures. It's not fair people to have to be paying for something that the value is not there."
Supporters say the bill provides more accurate and reflective property values to tax payers.

St. Louis County assessor Jake Zimmerman has expressed his support for the bill.

The bill now heads to the House floor and if passed will go to the governor's desk.

From the state Capitol I'm Sherman Fabes. Newsradio 1120 KMOX.

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