137.080. Annual assessment date--subclasses of tangible personal property. - Missouri Statutes

Annual assessment date--subclasses of tangible personal property.

137.080. Real estate and tangible personal property shall beassessed annually at the assessment which commences on the firstday of January. For purposes of assessing and taxing tangiblepersonal property, all tangible personal property shall bedivided into the following subclasses:

(1) Grain and other agricultural crops in an unmanufacturedcondition;

(2) Livestock;

(3) Farm machinery;

(4) Vehicles, including recreational vehicles, but notincluding manufactured homes, as defined in section 700.010,RSMo, which are actually used as dwelling units;

(5) Manufactured homes, as defined in section 700.010, RSMo,which are actually used as dwelling units;

(6) Motor vehicles which are eligible for registration andare registered as historic motor vehicles under section 301.131,RSMo;

(7) All taxable tangible personal property not included insubclass (1), subclass (2), subclass (3), subclass (4), subclass(5), or subclass (6).

(RSMo 1939 § 10970, A.L. 1945 p. 1774, A.L. 1959 H.B. 108, A.L. 1983 S.B. 63, et al., A.L. 1985 S.B. 152)

Prior revisions: 1929 § 9779; 1919 § 12789; 1909 § 11371

Effective 12-31-85

(1959) Since each year's tax assessment is a separate determination and statutory provisions for review thereof are adequate, equity will not intervene because similar issues in successive years may be involved. Cupples-Hesse Corp. v. Bannister (Mo.), 322 S.W.2d 817.

(1979) Where a part of a building owned by a not-for-profit hospital was used for hospital purpose and a part for private medical practice, only the portion used exclusively for purposes purely charitable and on a not-for-profit basis would be exempt from property tax. Barnes Hospital v. Leggett (Mo.), 589 S.W.2d 241.