Modifies provisions relating to property taxes

SB 919 revises Missouri's property tax classification system by redefining key terms in Sections 137.016 and 137.115. It clarifies what counts as "residential property" (including manufactured home parks and owner-occupied bed-and-breakfasts with ≤6 rooms), "agricultural property" (adding urban community gardens and sawmills), and "utility/industrial property." The bill also adds a specific mechanism allowing local governments to adjust property tax levies to recoup revenue losses when multi-unit residential properties (5+ units) change classification. This directly affects property owners, local tax assessors, and municipalities managing property tax revenue.