Bill > HB2098

This bill modifies the definitions of "residential property," "agricultural and horticultural property," and "utility, industrial, commercial, railroad and other real property" for the purpose of property classification in Missouri, as outlined in Article X of the state Constitution. Key changes include clarifying that vacant land connected to an airport, recreational areas (like playgrounds, sports facilities, golf courses, and nature preserves), manufactured home parks, and certain owner-occupied bed and breakfast inns are considered residential property, while also specifying that single-family homes leased for less than thirty consecutive days are classified only as residential property. For agricultural and horticultural property, the bill expands the definition to include land used for horse breeding, showing, and boarding, as well as urban and community gardens, but explicitly excludes forest croplands, which will continue to be taxed under separate laws. The bill also clarifies that property not fitting into the residential or agricultural/horticultural categories, or property with multiple uses, will be classified based on its most suitable economic use, considering factors like prior use, location, zoning, and available public services. Additionally, it allows taxing districts to adjust their operating levies to compensate for any revenue loss resulting from reclassifying residential properties with five or more dwelling units, provided the adjustment doesn't exceed the highest tax rate in effect after 1980.

Budget and Finance, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB2098&year=2026&code=R