Modifies provisions governing the classification of real property

HB 2098 modifies Missouri's property tax classification system by clarifying definitions for residential, agricultural, and commercial properties. It specifically defines "residential property" to include manufactured home parks, bed-and-breakfasts with owner residence, and time-shares (excluding transient housing), while expanding "agricultural property" to cover urban community gardens, sawmills, and green space. The bill requires county assessors to allocate tax classifications based on actual property use when multiple purposes exist (e.g., farm dwellings on agricultural land), and allows taxing districts to adjust levies to recoup revenue lost if multi-unit residential properties (5+ dwelling units) change classification. This directly affects property owners, local governments, and tax assessors by changing how properties are valued and taxed under Missouri law.