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YOU WON'T BELIEVE: What the rich pay in CoMo/Boone County property taxes

133-acre Kroenke parcel. 2018 tax: $382.92133-acre Kroenke parcel. 2018 tax: $382.92I want what they're having!
 
COLUMBIA, Mo 5/8/19 (Feature) --  "Let me tell you about the very rich," the writer F. Scott Fitzgerald said.  "They are different from you and me."

Nowhere is that more true than at property tax reassessment time, when the rich pay about what they always have while you and I pay more -- sometimes, a lot more.  About 44,000 Boone County residents will pay an average eight percent more in property taxes this year, the Columbia Missourian reported

But many of the county's richest people won't pay more, County Assessor records show.  They also get a prime tax dodge called the "fake farmland assessment rate" for pricey development property the law says should pay tax at the much higher commercial rate if it's not actually farmed. 

With breaks like these, regardless how many school district levy hikes or tax reassessments, the rich still pay a whole lot less

Pictured above is 133 acres billionaire Wal-Mart heirs Stan and Ann Kroenke paid $1.9 million for 20 years ago.  (Click pic for larger).  Across from Mill Creek Elementary School and their estate on Nifong in Columbia, the land was stubbed in for development -- sewer, cable, gas, water, power -- years ago.  In 2015, the Kroenkes paid $347 in Boone County property taxes on it. 

In 2018, they paid a whopping $42 more

We collected dozens of property tax bills for some of Boone County's richest, most prominent citizens, many of them developers.   This writer pays more property tax for my old pickup truck than most of these wealthy landowners pay for acres of prime land with and without buildings in and around Columbia. 

Click the links to read the bills, the location of each parcel, and other details. 

Stan and Ann Kroenke
Billionaire Wal-Mart Heirs
133 acres across from Mill Creek Elementary
2015 Assessed Value :  $5,336
2019
Assessed Value, :  $5,336
2018 Property Tax:   $382.92
(parcel pictured above; click pic for larger)
 
Stan and Ann Kroenke
3.04 acres on Sinclair Road
2015 Assessed value:  $380
2019 Assessed value: $380
 
KroenkeKroenke
Stan and Ann Kroenke
8 acres on Sinclair Rd.
2015 Assessed val
ue:  $4,560
2019 Assessed value:  $4,560
 

Stan and Ann Kroenke
131 ft × 125 ft lot in Woodrail Subdivision
2015 Assessed value:  $817
2019 Assessed value: $817
 
 
TKG COLUMBIA SQUARE LLC
(The Kroenke Group)
Developer
77.2 acres on I70 Dr. SW
2015 Assessed value:  $1,504
2019 Assessed value:  $1,504
 

TKG COLUMBIA SQUARE LLC
2015 Assessed value:  $260
2019 Assessed value:  $260 
 

TKG COLUMBIA SQUARE LLC 
ALL 15 PARCELS known as Hilton Plat 5
(Classified as farmland)
2018 Property tax:
$13,665.70  
 
 
Elvin E. Sapp
2015 Assessed value:  $91
2019 Assessed Value: $91

Elvin E. Sapp
2015 Assessed Value:  $1,172
2019 Assessed Value:  $1,172
 

Bill and Nancy Laurie
Billionaire Wal-Mart Heirs
Crown Center Farm
2015 Assessed Value:  $1,110
2019 Assessed Value:  $1,110
 

Bill and Nancy Laurie
Crown Center Farm
2015 Assessed value:  $266
2019 Assessed Value: $266
 
 Nancy Laurie aboard her new $200 million yachtNancy Laurie aboard her new $200 million yacht
Bill and Nancy Laurie
Crown Center Farm
2015 Assessed value:  $21,271
2019 Assessed Value: 
$21,271
2018 Property Tax:   $1,526.46
 

Bill and Nancy Laurie
Crown Center Farm
All Listed Boone County Holdings
(428.5 acres and five houses)
2018 Property Tax:  $17,576.09
 
 WatersWaters
Hank Waters
Retired Columbia Tribune owner
14.9 acres on E. Deer Park Road
2015 Assessed value:  $259
2019 Assessed value:  $259
 

Hank Waters
2015 Assessed value:  $973
2019 Assessed value:  $973
 
 
Hank Waters
2015 Assessed value:  $7,292
2019 Assessed value:  $7,292
2018 Property Tax:  $443.73
 
 
Jeffrey E. Smith Investment Company
Developer
NORTH HAMPTON WOODS, PLAT 1, LOTS 1 thru 26
(Lots classed as farmland)
2015 Assessed value, each lot:  $360
2019 Assessed Value, each lot: 360
2018 Property Tax, each lot:   $22.10
 

Jeffrey E. Smith
Developer
164 acres on E. Rock Bridge Lane
2015 Assessed value:  $4,201
2019 Assessed value:  $4,201
 SmithSmith

Jeffrey E. Smith
2015 Assessed value:  $289
2019 Assessed value:  $289
 

Michael J. Martin
2006 Ford F 150 Pickup Truck (with body rust)
2018 Assessed value:  $2,967.00
2018 Property Tax:  $212.92
 
 

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