Bill > HJR152

This joint resolution proposes a constitutional amendment for the state of Missouri that will be voted on at the next general election in November 2026 or a special election. The amendment aims to change how residential real property is assessed for tax purposes, specifically for homes that are the owner's primary residence. Starting January 1, 2027, the assessed value of such properties will generally be capped at the value from the most recent previous assessment, with annual increases limited to no more than five percent. However, this five percent cap can be exceeded if the increase is due to new construction or improvements, or if the property is sold or transferred, in which case the assessed value will reflect the true market value for the first year under new ownership before the five percent annual limit applies. Importantly, this amendment does not prevent assessors from decreasing the assessed value of a primary residence if its market value declines.

https://house.mo.gov/Bill.aspx?bill=HJR152&year=2026&code=R