Committee hears bill to require replacement‑cost method for building valuation; assessors, counties raise concerns Rep. Dean (as introduced in transcript) presented HB2415 to require assessors to use a replacement‑cost (cost) approach for building valuation statewide. Supporters said it would equalize assessments across rural and urban counties; assessors and county officials cautioned about depreciation, software practice, constitutionality and urged phased or optional adoption.

A new bill in Missouri could revolutionize property tax assessments by mandating a replacement-cost approach, but concerns about fairness and implementation are raising eyebrows.

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