Bill > HJR112

This joint resolution proposes a constitutional amendment to modify property tax assessments in Missouri, to be voted on in the 2026 general election. The amendment would establish new rules for property tax assessment across different property classes, with a specific focus on residential real property. Under the proposed changes, residential properties would have their true value "frozen" at the most recent previous assessment value starting in January 2027. Any subsequent reassessment could only increase the property's assessed valuation by the lesser of either the change in the consumer price index or a two-percent annual increase, with exceptions allowed for new construction or improvements that add value to the property. The amendment also maintains existing provisions that no property class can be assessed at more than 33.33% of its true value, and establishes three main subclasses of property: residential, agricultural/horticultural, and utility/industrial/commercial. This proposal aims to provide more predictability and potentially limit tax increases for residential property owners by constraining how quickly property valuations can rise.

https://house.mo.gov/Bill.aspx?bill=HJR112&year=2026&code=R