The decision to overturn commercial re-assessment of approximately 133 nightly rental properties in Camden County has been extended to all properties impacted, not just those that had filed appeals.

The decision to overturn commercial re-assessment of approximately 133 nightly rental properties in Camden County has been extended to all properties impacted, not just those that had filed appeals.

Approximately 500 nightly rental properties had been reassessed as commercial in the county. Assessor Kayla Henry broadened the Camden County Board of Equalization decision to return these properties to their previous assessment classification.

Nightly rentals include condominiums, houses and apartments that are rented out on a day-to-day or on a weekend/weekly basis by the owner through word of mouth or websites such as Vacation Rental By Owner and Air BnB, often to offset the cost of the mortgage or supplement additional income.

On July 14, the BOE heard from over a dozen of the 133 property owners who had filed an appeal requesting their new commercial assessment be reversed to residential, or in some cases agriculture and other original categorizations. The BOE’s authority to reverse the classification was the subject of prior debate involving Henry’s office as she sought legal opinions and enforcement advice from the Missouri State Tax Commission.

The decision to reverse the assessment will apply to all of the approximately 500 properties that received a commercial assessment and not just those that filed appeals, according to Deputy Clerk Becky Farris of the County Clerk’s Office. Newly-elected Assessor Marty McGuire, who will take office after this assessment period, had previously stated he would reverse any commercial assessments to original classification upon taking over the office.

Several letters sent to property owners from Clerk Rowland Todd on July 19, were provided to the Lake Sun confirming the decision. According to those letters, “The Camden County Board of Equalization after consideration of the information presented at the hearing in your appeal voted to CHANGE the Assessor’s classification.”

State Rep. Diane Franklin (R-Camdenton) applauded the decision through a Facebook post on her official political page.

“I want to commend the Camden County Board of Equalization and the Camden County Assessor, Kayla Henry on the recent decision to revert nearly 500 nightly rental properties from being taxed as Commercial Property to Residential Property at their recent meeting,” Franklin wrote. “Many of these homes are rented out on a short term basis to vacationers coming to the Lake of the Ozarks and reducing the tax rate will ensure they are still available, meaning more tourism dollars in our community.”

Assessor Kayla Henry did not immediately respond to a request for comment from the Lake Sun before publication time.