HJR 145 proposes a constitutional amendment to exempt certain disabled veterans' property from Missouri state taxes. It would grant tax exemptions for homestead property and personal belongings (like household goods and vehicles) owned by Missouri residents who are certified as having a 100% service-connected disability by the U.S. Department of Veterans Affairs. The amendment would require the state to replace lost tax revenue through a countywide tax on specific commercial property, ensuring local governments retain funding. This change would apply to veterans meeting strict criteria, including honorable military service and Missouri residency. The bill is currently in early legislative stages (prefiled and read first time).
HJR 126 proposes a constitutional amendment that would reduce property tax assessments for qualifying seniors and disabled homeowners by 50%. It applies to residential property owned by individuals aged 65+ or permanently disabled under federal/state law, with income under $50,000 (single) or $75,000 (married filing jointly) in the prior tax year. Starting January 1, 2027, such properties would be assessed at 50% of their standard value instead of full value. This amendment requires voter approval in the 2026 election to take effect.
SB 1111 would increase the homestead exemption, which protects primary residences from property tax increases. The bill's official abstract does not specify the exact amount of the increase, the income thresholds, or which homeowners would be directly affected. As the bill is only in early stages (prefiled and awaiting committee review), no concrete mechanisms or key provisions are described in the available information. Without additional details from the full text or committee documents, a specific summary of policy changes cannot be provided.
HB 2625 requires Missouri school districts to levy a minimum local property tax ("operating levy") of at least $1.25 per $100 of assessed property value to receive full state education funding. Districts failing to meet this threshold will receive state aid capped at their 2005-06 funding level per student, unless they qualify for exceptions (e.g., districts near nuclear plants or large power facilities). The bill links state aid eligibility directly to this local tax requirement, with rates increasing to $1.50 after 2026. It applies to all public school districts in Missouri, excluding specific utility-adjacent districts that may use a higher $2.75 levy limit. The law aims to ensure districts contribute locally before receiving full state funding.
SJR 66 is a proposed constitutional amendment that would change Missouri's property tax system. It classifies property into three main subclasses (residential, agricultural, and commercial/industrial) and sets a 33.3% cap on assessed value for all classes. The amendment would allow the state legislature to limit annual increases in tax liability for residential and agricultural properties (class 1). This proposal requires voter approval in 2026 to take effect, as it amends Article X of the Missouri Constitution. It directly affects property owners in Missouri, particularly those with residential and agricultural land.
This constitutional amendment resolution proposes to create a real property tax exemption for Missouri seniors meeting specific criteria. It would allow residents aged 65+ who have lived in Missouri for 10 consecutive years to qualify for a tax exemption on their primary home if their income is $100,000 or less (single) or $150,000 or less (married). Surviving spouses aged 55+ who maintain the same residence may also qualify. The General Assembly would set verification rules, exemption caps, and income limits to manage costs, with potential revenue offsets through state grants or adjusted local tax rates.
HB 2607 modifies Missouri's property tax assessment rules by changing how real and personal property is valued and taxed. It sets specific assessment percentages: 19% for residential property (subclass 1), 12% for commercial property (subclass 2), and 32% for other real property (subclass 3), while lowering rates for certain items like solar equipment (5%) and historic vehicles (5%). The bill includes special rules for property near commercial airports, reducing assessments by costs paid by non-government parties for improvements after 2008, and requires counties to submit annual assessment maintenance plans for approval. These changes directly affect property owners, local assessors, and counties by altering tax calculations and administrative processes for property valuation.
SB 1118 modifies how Missouri counties and local governments (like cities, school districts, and counties) adjust property tax rates after reassessments. It requires political subdivisions to revise tax rates for each property subclass and personal property to maintain the same tax revenue as the previous year, excluding new construction and improvements. The bill sets a cap on rate increases at the lower of the consumer price index or 5% annually, while allowing adjustments for inflationary growth in property values. This directly affects local governments that set property tax rates, ensuring revenue stability during reassessment cycles without exceeding voter-approved limits.
HB 2038 creates a property tax exemption program for Missouri homeowners aged 65 or older who live in their primary residence and have a household income of $125,000 or less (adjusted annually for inflation). Starting in 2027, eligible homeowners will receive a 100% exemption on property taxes for their homestead, meaning they pay no tax on their primary residence after other exemptions are applied. To qualify, individuals must reapply annually, and the exemption replaces all other homestead-related property tax credits or relief programs. This program directly affects low-to-moderate income seniors owning their primary home in Missouri.
SB 1023 would add specific counties to the current list of counties permitted to collect a sales tax dedicated to public library services. This bill expands the existing authorization without changing the tax rate, funding requirements, or how library funds are used. It directly affects the newly added counties by allowing them to implement this tax method for library funding. The bill is currently under review by the Senate Local Government Committee.
