Bill > HB1800

This bill modifies the cap on the inflationary growth factor for property tax assessments in Missouri. Currently, the cap is set at the lesser of the consumer price index or five percent. The bill changes this cap for different time periods: before January 1, 2027, the cap remains at five percent, but starting on or after January 1, 2027, the cap will be reduced to three percent. This means that for any given political subdivision, the increase in assessed property value for tax purposes cannot exceed three percent annually after 2027, excluding new construction and improvements. The bill aims to provide more predictability and control over property tax assessment growth by limiting the annual increase. The change applies to all classes of real and personal property and is part of a broader set of regulations governing how local governments can adjust their tax rates in response to changes in property values. The goal is to prevent sudden, large increases in property tax assessments that could burden property owners.

Budget and Finance, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB1800&year=2026&code=R