Property tax is a tax levied or assessed on the owner of property—often real property (real estate)—that is based on the property’s appraised value. Local governments often impose property taxes to finance their school districts, police departments, fire departments, and municipal projects such as construction and maintenance of streets and roads.

Most local government authorities (often counties) allow citizens to dispute or challenge the appraised value of their property through an administrative process initiated with the tax assessor or appraisal district.

In Missouri, property tax is imposed on property owners based on the appraised value of their real estate, which includes land and any structures attached to it. The revenue from property taxes primarily funds local services such as public schools, law enforcement, fire protection, and infrastructure maintenance. Property assessments are conducted by local assessors, and the tax rates are set by local taxing authorities, such as school boards, city councils, and county governments. Missouri law provides a process for property owners to appeal the assessed value of their property if they believe it is incorrect. This process typically begins with a review by the local assessor's office, and if the dispute is not resolved, the property owner can appeal to the local Board of Equalization. Further appeals can be made to the Missouri State Tax Commission. It's important for property owners to be aware of the deadlines and procedures for filing an appeal, as these can vary by jurisdiction within the state.