Bill > SJR70

This joint resolution proposes a constitutional amendment to modify property tax assessment rules in Missouri, to be voted on in the 2026 general election. The amendment would change how properties in different classes and subclasses are assessed for tax purposes, with a particular focus on residential properties (subclass 1 of class 1). Under the proposed changes, beginning in January 2027, residential properties maintained as primary residences would have their true value "frozen" at the most recent previous assessment value, meaning the assessed valuation would not increase while the current owner continues to own the property. The only exceptions to this would be for properties that are purchased, newly constructed, or change ownership, which would be reassessed at their true value, and for properties that undergo new construction or improvements, where the assessed value could be increased to reflect those specific additions. The resolution also maintains the existing rule that no property class or subclass can be assessed at more than 33.33% of its true value, and specifies different tax assessment methods for different property types (such as agricultural, commercial, and utility properties).

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=513