Bill > HB1799

This bill creates the "Taxation Oversight and Reduction Act", which allows taxpayers in a political subdivision to petition for a reduction in their combined property tax rate. Under this bill, a taxpayer can submit a petition to the local election authority to reduce the tax rate, with several key limitations: the reduction cannot exceed 5% of the current combined property tax rate, petitions cannot be submitted more frequently than every four years, and the reduction cannot apply to taxes dedicated to paying bond interest or debt service. To initiate the process, a taxpayer must notify the local election authority and provide a proposed petition, and then collect signatures from registered voters equal to at least 5% of voters in the most recent local election. The local election authority will verify signatures and charge a fee of up to 50 cents per signature to cover verification costs. If the petition is validated, the question of tax rate reduction will be placed on the next general municipal election ballot. If a majority of voters approve the reduction, the political subdivision must lower its combined property tax rate by the approved percentage. The bill aims to give taxpayers more direct input into local tax rates while establishing a structured process for proposing and approving such reductions.

https://house.mo.gov/Bill.aspx?bill=HB1799&year=2026&code=R