Bill > SJR34

This joint resolution proposes a constitutional amendment to modify property tax assessment rules in Missouri, to be voted on in the 2026 general election. The amendment would establish new provisions for property tax assessment across different property classes, with specific focus on residential properties. Under the proposed changes, properties would be assessed at a percentage of their value not exceeding 33.33%, with different rules for various property classes. Notably, the resolution introduces significant protections for homeowners, stipulating that beginning in 2027, the true value of a primary residential property will be deemed to remain the same as its most recent previous assessment. Additionally, in subsequent assessments, the property's assessed valuation may only increase by the lesser of the consumer price index change or a two percent annual increase, with exceptions for new construction or property improvements. These provisions aim to provide stability and predictability in property tax assessments for homeowners, potentially limiting sudden increases in property tax burdens.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=319