Modifies provisions relating to motor vehicle assessment valuations

HB 2358 modifies how Missouri assessors calculate tax values for various types of real and personal property. The bill establishes specific assessment percentages for different property subclasses, such as setting the rate for historic motor vehicles and older aircraft at five percent and adjusting rates for agricultural crops and livestock. It also clarifies the process for valuing possessory interests in commercial airport property by allowing deductions for certain post-2008 construction costs. Additionally, the legislation outlines procedures for computer-assisted property valuations, shifting the burden of proof to the assessor when using automated methods. These changes directly affect county and city assessors as well as property owners who must report and pay taxes on their assets.