Bill > HB2756

This bill modifies how real property is assessed for tax purposes by changing the percentage of its true value that is used for assessment. Specifically, it reduces the assessment percentage for subclass (1) real property from nineteen percent to ten percent, for subclass (2) real property from twelve percent to eight percent, and for subclass (3) real property from thirty-two percent to twenty percent. These percentages, referred to as "assessment percentages," determine the taxable value of different types of real estate, as defined by Article X of the Missouri Constitution. The bill also includes provisions for how certain personal property, like livestock and farm machinery, is assessed, and outlines procedures for property inspections and the use of automotive valuation guides for motor vehicles. Additionally, it addresses payment methods for property taxes, allowing for credit card and electronic transfers, and provides an option for counties and cities to opt out of certain assessment provisions.

https://house.mo.gov/Bill.aspx?bill=HB2756&year=2026&code=R