Vandiver said typically, vehicle values go down from year to year, however, this year, several economic factors have resulted in higher market prices for some models of used cars, SUV's and light trucks.
Vehicle values are established by the state. Assessors are required to value vehicles as of January 1 of each year using the guidelines set out by Missouri State statutes. The State Tax Commission oversees all Missouri County Assessors.
The state also is encouraging assessors to use vehicle identification numbers in assessments.
"We have a new personal property valuation system that allows us to determine the make, model and series of vehicles by using the VIN," Vandiver said. "Previously, we may have received a rendition declaring a 2008 Ford pickup truck. Now we are able to determine if it is two wheel drive or four wheel drive, if it has two doors or four doors, etc.
"The State Tax Commission has advised us that to comply with state law, we must adjust these vehicles' values for assessment purposes, ensuring fair treatment to all taxpayers."
Vandiver said accurate assessments are essential to the reliable and equitable assessment of personal property in Dunklin County.
She advises that some taxpayers may see an increase in taxes this year because of these changes.
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