Proposes a constitutional amendment relating to residential real property tax assessments

HJR 112 proposes a constitutional amendment to change how residential property taxes are assessed in Missouri. It would freeze the assessed value of all residential property (including single-family and rental homes) at its most recent valuation starting January 1, 2027. Property owners could see limited annual increases - capped at either the change in the consumer price index or 2% per year - unless new construction or improvements justify a higher increase. This directly affects homeowners and landlords by limiting annual tax assessment growth for residential properties. The amendment must be approved by Missouri voters in 2026.