What’s Going On With Platte County Property Taxes?

According to a recent Kansas City Star report, the Missouri State Tax Commission has ordered Platte County to raise residential property values by 15% in an effort to bring assessments closer to actual market value. County officials are strongly opposing the move, citing concerns about fairness, timing, and the potential financial burden on taxpayers. It’s a notable shift, especially considering that just last year, the county reported a surplus in tax revenue. You can read more about that surplus from KCUR.

For current and future homeowners, this proposed change could hit close to home. Higher assessed values often lead to higher property taxes, and for those with escrowed mortgages, that could mean increased monthly payments. On the flip side, rising property values can build equity, which is a financial plus over time. Still, it’s a delicate balance.

What do you think?

• 0%Are you concerned about the 15% increase?
• 0%Are you waiting to see how it unfolds?

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