HJR 131 proposes a constitutional amendment to Missouri's Article X that would establish new property tax exemptions and set a state revenue limit. It would exempt certain properties (veterans' homesteads, manufacturing inventories, religious/charitable properties) from taxation and require counties to replace lost tax revenue through a new countywide tax on specific commercial property. The amendment also sets a state revenue cap, limiting total state taxes (excluding federal funds) to a formula based on historical revenue and Missouri personal income, effective for fiscal year 2027-2028. This would directly affect businesses (manufacturers, retailers), property owners (veterans, religious organizations), and local governments managing tax replacement mechanisms. The amendment requires voter approval to take effect.
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.
HB 1799 allows property taxpayers in local political subdivisions to petition for a reduction in their area's combined property tax rate through a voter-approved process. Taxpayers must gather signatures equal to 5% of voters in the last election for the governing body, pay verification fees (up to $0.50 per signature), and submit the petition to the local election authority. If approved by a majority vote in the next general election, the tax rate is reduced by the approved percentage - capped at 5% - but cannot affect taxes for debt service or be proposed more frequently than every four years. This bill directly affects homeowners and property owners in cities, counties, or other local governments that levy property taxes.
HB 2627 requires counties and political subdivisions (like school districts and cities) to adjust property tax rates when property valuations change, ensuring tax revenue remains stable after reassessments. It mandates that tax rates for different property types (e.g., residential, commercial) be revised to generate the same revenue as the previous year, excluding new construction. School districts must also account for revenue from railroad/utility property and cap rate increases at inflation (CPI) or 5%, whichever is lower. The bill directly affects local governments responsible for setting property tax rates in Missouri.
HB 2178 changes how property taxes are calculated in Missouri. It sets new assessment rates: 19% for most residential property, 12% for certain commercial land, and 32% for others, while reducing rates for specific items like solar panels (5%) and historic vehicles (5%). The bill also adds rules for assessing property near airports (deducting costs paid by non-government parties for improvements) and requires counties to submit two-year assessment plans for approval. These changes directly affect all property owners, counties, and cities in Missouri, particularly those with airport-adjacent land or solar installations meeting the 2022 deadline.
HB 2060 reclassifies short-term residential rentals (less than 30 days) as "residential property" for tax purposes in Missouri, directly affecting homeowners and property managers who rent single-family homes or rooms for brief stays. The bill clarifies that such rentals - subject to sales tax under state law - must be taxed as residential property, not as "transient housing" like hotels. This change ensures these properties are treated consistently with traditional residential real estate under Missouri's tax classification system. The law also updates definitions to exclude short-term rentals from being considered "transient housing" for tax classification purposes.
HJR 115 proposes a constitutional amendment to create a property tax exemption for Missouri disabled veterans and their surviving spouses. It defines a "disabled veteran" as a Missouri resident honorably separated from military service with a 100% VA-certified service-connected disability, and a "homestead" as their primary residence (not exceeding 2.5 acres). The exemption would apply to real property used as a primary home, excluding portions rented for more than six months annually. This amendment requires voter approval in the 2026 general election and would replace the current property tax exemption provisions in Missouri's constitution.
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.
This bill proposes a constitutional amendment to provide a property tax exemption for disabled veterans in Missouri. It would exempt the homestead property (primary residence) of disabled veterans certified by the VA for 100% service-connected disability, as well as their surviving spouses who continue living in that home. The exemption covers real property used as a homestead but does not apply if the surviving spouse sells the home or stops using it as their primary residence. To offset lost tax revenue, counties would impose a replacement tax on certain business inventory property within the county.
SB 994 modifies Missouri's income tax return filing rules. It sets the deadline for filing state income tax returns to match the federal deadline under 26 U.S.C. 6072 (typically April 15), requiring payment by that date without additional notices. It also adds a provision preventing penalties or interest for taxpayers denied tax credits due to funding shortages, provided they pay within 60 days of the denial notice. This bill directly affects Missouri taxpayers and the Department of Revenue, changing filing deadlines and credit dispute procedures.
