Modifies provisions relating to personal property assessments

HB 1759 modifies how Missouri counties assess personal and real property taxes. It lowers the personal property assessment rate from 33.3% to 30% of current market value for most properties starting in 2027, while maintaining specific lower rates for items like solar panels (5%), historic vehicles (5%), and agricultural crops (0.5%). The bill also updates real property assessment rules, including a provision reducing assessments for airport-related properties where private parties funded improvements. These changes directly affect property owners, county assessors, and local governments managing tax assessments across Missouri.