In Buchanan County v. State Tax Commission, 407 S.W.2d 910, 913-14 (Mo. 1966), the Court found that the word "situated" connotes a more or less permanent location or situs. "Situated" refers to the place where the personal property is regularly kept. The Court cited cases suggesting that "situated" implies some element of permanency and that it requires more than a mere temporary presence. "Situated" does not mean, however, that the property needed to be "physically present" in the taxing county on tax day.