True, but assessment methodology is also controlled at the state level.Pretty sure that, if budget neutral, the Hancock amendment wouldn't be triggered.
See page 10 of this document. It says "Market Value, true value in money and apprised value have the same meaning under Missouri law" The state then dictates the assessed value as a percentage of the Market Value based on its use (32% Comm/19% Res). So you can't artificially inflate the land value and depress the improvement values, or mess with assessment rates to implement a LVT. I think the way to do it would be to introduce a separate assessment rate for Land and adjust the assessment rates, but it would have to be done at the state level.







