Real Estate Taxes Jackson County Missouri

[Kim Tucker]

Jackson County Missouri tax assessments went out and some property owners saw huge increases - were talking CRAZY HUGE SPIKES for some.  The deadline to appeal was June 24th, but it may not be too late as it seems there is now a class action.

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Property Tax Hikes in Jackson County Missouri Lead to Class Action

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KCTV5 and Angie Ricono - she has a 6 part series.

Remember that issues like these are one HUGE reason you should be a member of the local Real Estate Investor Association where you live as they do their best to keep you informed. Your membership dollars help support this. If you are not a member of the REIA where you invest, I would suggest finding the group for your area and join. Many have simple internet memberships if you don't live there and this could make a difference in paying double taxes next year over this year.

Note that here in KC, that the assessment hikes could translate into huge tax increases, it remains to be seen what the individual cities will do with the assessments.  if you watch the news articles you can see that many homeowners on fixed incomes could lose their homes to foreclosures and some investors could see their annual cash flow dry up.