RSMo. 137.075 Every person owning or holding real property or tangible personal property on the first day of January, including all such property purchased on that day shall be liable for taxes thereon during the same calendar year. RSMo. 137.340 Every person, corporation, partnership or association owning or controlling tangible personal property shall file with the assessor of the county an itemized return listing all the tangible personal property so owned or controlled on January 1st.

If you do not receive an assessment list please contact the Dade County Assessors office by phone (417) 637-2224 or come by our office and a form will be provided to you. Failure to receive an assessment list does not relieve the obligation to pay taxes and applicable late fees.

You will owe taxes to the county that you lived in on January 1. You need to contact the county Assessor's office in the county you moved from and request to be removed from their Personal Property Assessment roles. You also need to contact the county Assessor's office in the county you moved to. Most counties do not have a system to know that you moved into the county and to place you on the assessment roles. It is your responsibility to notify each Assessor's Office!

The forms are mailed out first week of January and need to be returned by March 1 to avoid late penalties. Second notices are mailed out before March 31.

The amount of your penalty depends on your total assessed value. (see chart below) The late penalty fee is added to your bill that you receive in November.

Assessed Valuation Penalty

0-1,000 $15 

1001-2000 $25 

2001-3000 $35 

3001-4000 $45 

4001-5000 $55 

5001-6000 $65 

6001-7000 $75 

7001-8000 $85 

8001-9000 $95 

9001 and above $105

A statement of non-assessment, also called a tax waiver, indicates a specific person, business or corporation does not owe any personal property taxes for a specified tax year. A tax waiver is only used to license a vehicle or obtain a business license. You may be entitled to a waiver if you are one of the following:

• A new resident to the state.
• This is the first vehicle you have ever owned, or have had titled in your name.
• You did not own any personal property on January 1st of the prior year.
• You are military and your home of record is not Missouri.
• You lease a vehicle, and the leasing company has paid the personal property tax on that vehicle.

In order to qualify, we must also see your vehicle registration and identification. The Collector’s Office will issue the waivers.

You are assessed on the vehicle(s) you own on January 1 of each year. If you sell or trade a vehicle any time during that year, your tax bill will still show the items assessed January 1.

Real property should be reassessed every odd-numbered year and in even-numbered years the Assessor places a value on new construction. It is based on the condition of the property on January 1 of each year. If a building is removed any time after January 1, it is taxed for the whole year.

Under Missouri law, property tax assessments must be based upon market value and should be uniform. Over time, property values may change due to the location of the property, sales in the surrounding areas and other factors.

Market value is the price that your real property would bring if offered for sale if you were not forced to sell and the buyer was not obligated to buy.

No, real property is assessed into three categories with separate rates. 

Rates for real property: 

Residential – 19% 

Commercial – 32% 

Agricultural – 12%

The Assessor is required to send increase notices to the owner of record of real estate in the county. Notices are required to be sent out by June 15th each year if the value of your property has increased.

If you feel that the new value of your property is incorrect, call the Dade County Assessor's office at 417-637-2224 to schedule an informal hearing.