Bill > HJR19

This resolution proposes a constitutional amendment to be placed on the ballot in Missouri's next general election in November 2026, which would modify property tax assessment rules for certain residential property owners. Specifically, the amendment would create a new provision allowing senior citizens (aged 65 and older) and permanently disabled individuals to receive a significant property tax assessment reduction, provided their annual taxable income meets certain thresholds. Under the proposed change, qualifying homeowners would have their residential property assessed at only 50% of its standard value, which could substantially lower their property tax burden. To be eligible, individual taxpayers must have a taxable income of $50,000 or less, or married couples filing jointly must have a taxable income of $75,000 or less. The amendment would take effect on January 1, 2027, and would apply to residential properties owned by individuals meeting the age, disability, and income criteria. This proposed constitutional amendment aims to provide financial relief for senior citizens and disabled persons who may be on fixed incomes by reducing their property tax assessments.

https://house.mo.gov/Bill.aspx?bill=HJR19&year=2025&code=R