Proposes a constitutional amendment relating to real property tax assessments

HJR 152 proposes a constitutional amendment to cap annual property tax increases for Missouri homeowners who live in their primary residence. It would limit annual valuation increases to 5% unless the property has undergone new construction/improvements or was recently sold (with the full market value applied at first sale). This applies specifically to residential properties classified as "class 1" under Missouri's tax system. The change would take effect January 1, 2027, and requires voter approval in the 2026 election.