Boone County Collector
 

Personal Property Tax Information

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General Information

Personal property taxes are levied annually against tangible personal property and due upon receipt of the tax bill, but no later than December 31 each year. The postmark determines the timeliness of payment. For example, a payment mailed and postmarked on December 29 is considered paid on time even though the collector's office does not receive the payment until January 2. The collector's office mails tax bills during November. If a tax bill is not received by the second week in December, contact the collector's office at (573) 886-4285.

Failure to receive a tax bill does not relieve the obligation to pay taxes and applicable late fees. Taxes not paid in full on or before December 31 will accrue penalties and late fees.

Collector's Office tax payment windows

Taxes are assessed on personal property owned on January 1 but taxes are not billed until November of the same year. Taxes are due for the entire amount assessed and billed regardless if property is no longer owned or has been moved from Boone County.

State law requires that personal property taxes be paid before license plates on vehicles can be issued or renewed.

For additional information, please see our personal property tax frequently asked questions.

Installment Plan Payments

You may pay your personal property taxes on a monthly basis.

Any outstanding bills for personal property MUST be paid and the current year Declaration turned in to the assessor's office to enroll.

Personal property installment plans will begin in March of each year.

Use the assessment amount of your current Declaration multiplied by last year's tax rate, divided by the number of months left in the current year.

  • For example, this year’s assessment was $4,333.00 and last year's tax rate was 7.2764, the expected amount for this year should be $315.29 and
    • if your plan starts in March, the amount per month would be $32 ($316 - rounded up - divided by 10 months)
    • if your plan starts in July, the amount per month would be $53 ($316 divided by 6 remaining months)

The December payment will be adjusted to reflect the balance of the tax due based on the current year’s bill. The balance must be paid by December 31st, to avoid late fees and penalties, or possible termination of the plan.

We will accept the following payment options:

  • Check, money order, or cash – using COUPON method. With coupons, you may double-up or skip months, provided the balance is paid in full by December 31st.
  • You may authorize the collector’s office to debit your bank account on either the 5th or 20th of each month. Please read and complete the Automated Payment Service (APS) form (Installment Plan sign-up form), and attach a voided check to enroll.
  • Credit card charged on the 20th of the month with 2.3% added to cover the credit card processing company’s fees.
    • Need to have current credit card information on file
    • Currently accept Visa, MasterCard, American Express, and Discover cards.

To download an installment plan agreement form, please click on the following link: Installment Plan sign-up form. Please download this form and fill out the appropriate information and return to the collector’s office.