N123FA is a 2006 Cessna Citation 560 owned and operated by FlightAssets. This aircraft has a gross takeoff weight approximating 16,300 lbs and as such is qualified for the appraisal provisions afforded under ยง 155.010(4) of the Revised Statutes of Missouri.
During the 2025 calendar year. Mileage totals flown in state and overall were as follows:
| Month | Missouri Miles | Total Miles |
|---|---|---|
| Jan | 501 | 1,805 |
| Feb | 1,997 | 13,493 |
| Mar | 4,389 | 21,477 |
| Apr | 2,287 | 14,585 |
| May | 1,895 | 10,984 |
| Jun | 3,043 | 15,052 |
| Jul | 3,755 | 18,680 |
| Aug | 5,487 | 22,935 |
| Sep | 784 | 4,021 |
| Oct | 1,360 | 7,546 |
| Nov | 3,240 | 21,666 |
| Dec | 2,111 | 11,071 |
| Yearly Total | 30,849 | 163,316 |
The resulting apportionment percentage is calculated as 30,849 / 163,316 which rounds to:
Apportionment Ratio = 18.89%
Using the value and local millage rate for 2025 as a proxy for 2026, an estimated 2026 property tax may be calculated as follows:
| Aircraft Fair Market Value: | $ 2,270,010.00 |
| Missouri Apportionment % | 18.89% |
| Apportionable Fair Market Value | $ 428,804.89 |
| Assessment Rate | 33.33% |
| Assessed Value | $ 142,934.96 |
| Tax Rate | 6.3047% |
| Estimated Tax Liability | $ 9,011.62 |