Bill > SJR66

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 resolution would amend Article X, Section 4(b) of the Missouri Constitution, establishing new guidelines for property tax assessment across different property classes. Specifically, it maintains the current system of classifying properties into different categories (such as residential, agricultural, and commercial) while introducing two key changes: first, it would continue to limit property assessment to no more than 33.33% of a property's true value, and second, it would allow the state legislature to create legal mechanisms that can limit how much property tax liability can increase from one year to the next. The proposed amendment would give the state more flexibility in managing property tax increases, potentially providing relief to property owners by capping annual tax liability growth. The ballot language for voters will ask whether the Missouri Constitution should be amended to allow limits on increases in real property tax liabilities, which succinctly captures the resolution's primary purpose of providing potential tax assessment protections.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=78