Bill > SJR62

This joint resolution proposes a constitutional amendment to modify property tax assessment rules in Missouri, to be voted on during the 2026 general election or a special election. The resolution would amend Article X of the Missouri Constitution by establishing new guidelines for property tax assessment across different property classes. Specifically, it maintains the current cap of 33.33% on property value assessment while introducing new provisions that would allow the state legislature to limit annual increases in tax liability for Class 1 properties, which include residential, agricultural/horticultural, and other properties. The proposed amendment would permit laws that can restrict either the actual tax amount owed or the increases made to a property's assessed value. The ballot language for voters will ask whether the Missouri Constitution should be amended to allow limits on increases in real property tax liabilities. This proposed change aims to provide potential relief for property owners by creating mechanisms to control property tax growth.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=6625986