A percentage of all ad valorem property tax collections allocable to each taxing authority within the county and the county shall be deducted from the collections of taxes each year and shall be deposited into the assessment fund of the county as required pursuant to section 137.750. The percentage shall be one-half of one percent for all counties of the first and second classification and cities not within a county and one percent for counties of the third and fourth classification. The county shall bill any taxing authority collecting its own taxes. The county may also provide additional moneys for the fund. To be eligible for state cost-share funds provided pursuant to section 137.750, every county shall provide from the county general revenue fund, an amount equal to an average of the three most recent years of the amount provided from general revenue to the assessment fund, except that a lesser amount shall be acceptable if unanimously agreed upon by the county assessor, county governing body and the state tax commission. The county shall deposit the county general revenue funds in the assessment fund as agreed to in its original or amended maintenance plan, state reimbursement funds shall be withheld until the amount due is properly deposited in such fund.

(L. 1980 S.B. 679 § 2, A.L. 1981 H.B. 114 & 146, A.L. 1989 H.B. 181 & 633, A.L. 1999 S.B. 219)

(1981) Withholding of a percentage of tax moneys for reimbursement of county reassessment costs does not constitute a state tax on political subdivision in violation of sections 8 and 10(a) of Article X of the Missouri Constitution. State ex rel. Commissioners of the State Tax Commission v. Davis (Mo.), 621 S.W.2d 511.

(1981) Sections 137.720 and 137.750 do not authorize expenditure of school levy moneys for non-school purposes in violation of sections 3(a) and 5 of Article IX of the Missouri Constitution. State ex rel. Commissioners of the State Tax Commission v. Davis (Mo.), 621 S.W.2d 511.