Section 308.105 – Personal property.
(1) Except as otherwise specifically provided, all personal property shall be assessed for taxation each year at its situs as of the day and hour of assessment prescribed by law. (2) Personal property may be assessed in the name of the owner or of any person having possession or control thereof. Where two or more […]
Section 308.115 – Minerals, coal, oil, gas or other severable interests owned separately from realty not subject to tax; exception for actively mined interests; separately owned improvements separately assessed.
(1) Whenever any mineral, coal, oil, gas or other severable interest in or part of real property is owned separately and apart from the rights and interests owned in the surface ground of the real property, such minerals, coal, oil, gas or other interest or parts shall not be assessed and taxed. (2) Notwithstanding subsection […]
Section 308.120 – Partnership property; liability of either partner for whole tax.
Partners in mercantile or other business may be jointly taxed in their partnership name, or severally taxed for their individual shares for all personal property employed in such business. If they are jointly taxed, either or any of such partners shall be liable for the whole tax.
Section 308.125 – Undivided interest; assessment; ownership of less than one forty-eighth interest.
(1) An undivided interest in lands or lots, or other real property, or in personal property, may be assessed and taxed as such. Any person desiring to pay the tax on an undivided interest in any real property may do so by paying the tax collector a sum equal to such proportion of the entire […]
Section 308.130 – Undivided estate of decedent; liability for whole tax; right of contribution.
The undivided estate of any deceased person may be assessed to the heirs or devisees of such person, without designating them by name, until they have given notice to the assessor of the division of the estate, and the names of the several heirs or devisees. Each heir and devisee shall be liable for the […]
Section 308.135 – Trustee or personal representative separately assessed; valuation of property held as representative.
When any person is assessed as trustee, guardian, executor or administrator: (1) A designation of the representative character shall be added to the name of the person. (2) The assessment shall be entered in a separate line from the individual assessment of the person. (3) The person shall be assessed for the real and personal […]
Section 308.140
[1983 c.307 §1; renumbered 223.317 in 1987]