Notice Personal Property For Vehicle
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FAQ
Generally, tangible personal property is personal property that you can see, weigh, measure, feel, or touch. It's perceptible to the senses. Electricity, water, gas, steam, and prewritten computer software are TPP. Real property is real estate (land) and anything that's permanently attached to the land.
If you are delinquent on your personal property taxes, the Collector of Revenue may file suit. Court costs and attorney's fees are assessed against the account as dictated by Missouri Statute.
The small business taxpayer personal property exemption provides a complete exemption from personal property tax for industrial or commercial personal property when the combined true cash value of all industrial personal property and commercial personal property owned by, leased by or in the possession of the owner or ...
Personal property is assessed at 33 and one-third percent (one third) of its 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) [revisor.mo.gov].
Vehicles pay an annual registration fee in lieu of state and local property taxes. Vehicles that have not paid the fee or are not registered are taxable.
