Tremendous Blondette

So there are things that no one ever tells you how to do-you just have to figure them out by living and experiencing. Neat. Tonight, my quest was figuring out how personal property tax is calculated and the process associated. I never had anything to claim until I bought a car in my name so I never knew much about the process other than my parents paid a tax bill every year.

The whole car situation has me wanting to get a jump on the entire real estate ownership process. I know nothing and that ignorance doesn’t get you anywhere with the government. They just assess you late fees.

It’s almost 2am and I can’t sleep which is why you are getting this ramblely post about property tax.

Here’s what I learned:
Property taxes are divided into two types, real and personal, and under each are different assessments. Property tax is assessed based on the county in which you lived January 1st of the year. If you move out of state you don’t get prorated. (this is for those living in Missouri)

I currently live in Platte County, Missouri and I managed to find the rates online. http://www.co.platte.mo.us/docs/assessor/faq.html

Apparently, you can roll your real estate property tax in at escrow and it’s just in your monthly mortgage payment or something like that.

Now, if move out of Platte County, I will have to research all of this for that new county. Joy.