Scope of the 2025 Reassessment
In Missouri, property tax reassessments occur on a 2-year cycle and are administered at the county level, with each county (and the independent City of St. Louis) responsible for its own assessment schedule. For the 2025 cycle, all counties and the City of St. Louis are conducting reassessments.
These jurisdictions represent a substantial portion of the state’s commercial real estate tax base. Assessments are based on market conditions as of January 1, 2025 (the lien date) and will be reflected in property tax liabilities for both 2025 and 2026.
Key Reassessment Facts
| Valuation (Lien) Date | January 1, 2025 |
| Tax Years Affected | 2025-2026 (2-year cycle) |
| Jurisdictions Affected | All counties statewide, including the independent City of St. Louis |
| Assessment Notices Expected | (Jurisdiction-specific) May – June 2025 |
| Appeal Deadlines (Informal / Formal) | (Dates may vary based on county classification) Informal Appeals: – May – early July 2025 Formal Appeals (most counties): – 2nd Monday of July |
Valuation Outlook
The 2025 reassessment cycle in Missouri arrives at a time of shifting economic conditions and market headwinds. While assessed values are meant to reflect market conditions as of January 1, 2025, many counties continue to rely heavily on cost-based mass appraisal models, which are particularly sensitive to inflationary trends rather than real-time market activity. As a result, valuations may overshoot market realities, especially in asset classes facing weakening fundamentals.
Several key factors are shaping the valuation environment:
- Rising unemployment (from 2.8% in early 2023 to 3.6% by late 2024) is contributing to reduced office demand, softening consumer spending, and overall economic uncertainty.
- Inflation in the Midwest has pushed operating costs higher (cumulative ~6.1% from Jan 2023–Dec 2024), putting downward pressure on net income and property values.
- Interest rates have surged—one of the sharpest increases in decades—limiting access to capital and curbing property investment and acquisition activity.
- Market oversupply in several commercial sectors has created a mismatch between available inventory and demand, leading to suppressed pricing in certain markets.
Public officials have not indicated any changes to the state’s use of cost-driven models, and Missouri does not have a revenue-neutral mandate for reassessments. As such, many taxpayers may face increases that outpace real-world performance—especially in segments like office and retail, where property-level income and buyer appetite remain tepid.
Valuation Trends by Property Type
| Property Type | Expected Trend | Notes |
|---|---|---|
| Office | ↓ | Rising vacancy, weakened tenant demand, and limited investor activity; cost-based models may not reflect depressed sale prices. |
| Multifamily | → / ↑ | Still relatively strong demand, but higher interest rates and construction costs could temper aggressive appreciation. |
| Retail | ↓ | Inflation and slowing consumer spending have eroded margins; mixed recovery across urban vs. suburban retail. |
| Industrial | ↑ | Remains a bright spot driven by logistics and e-commerce demand, though growth has moderated since its 2021–22 peak. |
| Hospitality | → / ↑ | Steady recovery in RevPAR; however, valuations are highly property- and market-specific given variability in leisure vs. business travel. |
DMA continues to monitor these dynamics and will flag opportunities where commercial real estate valuations appear inflated or misaligned with real-time market performance.
Why Early Preparation Matters
Missouri’s reassessment calendar moves quickly—assessment notices are typically mailed in May, with formal appeal deadlines hitting just weeks later in mid-July. Property owners have a narrow window to analyze values and gather supportable evidence before it’s too late.
Many counties offer an informal review period before the formal Board of Equalization (BOE) deadline. Engaging early in this window often leads to faster, lower-cost resolutions, especially when issues are caught before final values are locked in.
With Missouri’s widespread use of cost-based mass appraisal models, early preparation is especially important for identifying:
- Overstated construction cost assumptions
- Misapplied depreciation
- Ignored obsolescence or market softness
DMA’s clients gain a strategic advantage by working with us before notices arrive. Our consultants model projected assessments, identify risk areas, and prepare support that enables fast, credible appeals. Whether navigating informal discussions or formal BOE hearings, we help ensure your property valuations reflect current market realities—not automated cost assumptions.
Missouri Property Tax Expertise
Connect with DMA’s Missouri property tax experts to evaluate your 2025 real estate reassessments. With appeal windows closing quickly, proactive review is key to identifying risks and opportunities—and ensuring your properties are fairly assessed through 2026.
east
| This website content should be used for general informational purposes only, and not as a substitute for consultation with professional tax, legal, or other competent advisors. Before making any decision or taking any action based upon information contained on this website, you should consult with a DMA professional. |