Budget & Taxes (Property Tax)

in committee · Missouri · Senate Jan 27, 2026

SJR 66: Modifies provisions relating to property taxes

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps property tax increases for residential/agricultural properties, providing tax relief and protecting homeowners from rising costs per the amendment's intent.95% confidence

Sub-Topics Property Tax

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in committee · Missouri · House May 15, 2026

HJR 139: Proposes a constitutional amendment that authorizes a real property tax exemption for certain senior citizens

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors meeting income thresholds, reducing property tax liability for qualifying residents under $100k/$150k income.95% confidence ✓ HousingSupports HousingTax exemption for seniors on primary residence reduces housing costs, directly advancing affordable housing for vulnerable populations by lowering property tax burden.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Tags Seniors

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in committee · Missouri · House May 15, 2026

HB 2607: Modifies provisions governing the assessment of property taxes

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax assessment percentages with lower rates for solar (5%) and historic vehicles (5%), providing targeted tax relief per bill's explicit provisions.90% confidence ✓ EnergySupports EnergyBill explicitly lowers property tax assessment rate to 5% for solar equipment, directly incentivizing renewable energy adoption through tax relief.85% confidence

Sub-Topics Property Tax Solar

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in committee · Missouri · Senate Jan 15, 2026

SB 1118: Modifies provisions relating to personal property assessments

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax rate increases at 5% or CPI, maintaining revenue stability and preventing excessive hikes - promotes fiscal responsibility for local budgets.90% confidence

Sub-Topics Property Tax Revenue

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in committee · Missouri · House May 15, 2026

HB 2038: Authorizes the "Missouri Homestead Preservation Tax Credit Program" and implements a homestead exemption for certain individuals

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for seniors with modest incomes ($125k household), directly reducing tax burden under homestead program, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingBill provides property tax exemption for elderly homeowners (65+), reducing housing costs and increasing affordability for a specific group, directly supporting 'affordable housing' in topic description.90% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Historic Preservation Property Taxes

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passed · Missouri · Senate May 15, 2026

SB 1023: Modifies provisions relating to funding for certain libraries

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables additional counties to levy sales tax for public library funding, expanding authorized tax-based support for public services without altering rates or requirements.90% confidence

Sub-Topics Property Tax Revenue Sales Tax

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in committee · Missouri · House May 15, 2026

HJR 113: Proposes a constitutional amendment granting homestead and personal property tax exemptions to certain veterans proportional to the veteran's disability rating

HJR 113 proposes a constitutional amendment to grant Missouri veterans with service-connected disabilities partial or full property tax exemptions proportional to their disability rating. It directly affects veterans who are Missouri residents and have a disability rating determined by the U.S. Department of Veterans Affairs. The exemption reduces real and personal property taxes by a percentage equal to the veteran’s disability rating (e.g., 50% disability = 50% tax reduction), with 100% disability providing full exemption. This change would take effect for tax years beginning January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemptions proportional to veterans' disability ratings, reducing tax burden for a specific group and aligning with tax relief support indicators.95% confidence ✓ VeteransSupports VeteransProvides tax exemptions proportional to disability rating, directly expanding financial benefits for veterans with service-connected disabilities per VA rating.95% confidence

Sub-Topics Property Tax Veteran Benefits Veteran Healthcare

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in committee · Missouri · Senate Jan 27, 2026

SJR 75: Places limits on increases of the assessment of certain properties

This bill (SJR 75) has a very limited description in the provided context, stating only that it "places limits on increases of the assessment of certain properties." The official abstract and summary offer no specific details about which properties are affected, the nature of the limits (e.g., percentage caps, timeframes), or the mechanism for implementation. Without additional information on the bill's provisions or scope, a substantive summary of its policy changes cannot be provided. The context indicates it is a Senate Joint Resolution (SJR) currently in early procedural stages (prefiled, first reading).

Topics ✓ Budget & TaxesSupports Budget & TaxesLimits property assessment increases, typically providing tax relief for affected owners, aligning with support indicators.85% confidence

Sub-Topics Property Tax State Budget Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SJR 89: Modifies provisions relating to property tax assessments

This proposed constitutional amendment would change Missouri's property tax rules for primary residences. Starting January 1, 2027, homeowners maintaining their main residence would keep their previous tax assessment value, preventing annual increases unless they make major improvements like new construction. This specifically affects residential property owners (Class 1, Subclass 1) but leaves agricultural, commercial, and other property classes under separate tax rules. The amendment aims to stabilize property tax bills for long-term homeowners by freezing reassessment values unless significant changes occur to the property.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill freezes property tax assessments for primary residences starting 2027, preventing annual increases and providing tax relief for homeowners, a key tax support measure.90% confidence

Sub-Topics Property Tax

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in committee · Missouri · House May 15, 2026

HB 2360: Authorizes charter counties and counties with an alternative form of government to establish alternative methods for property assessment and taxation

HB 2360 allows charter counties and counties with alternative government structures in Missouri to create their own property assessment and tax systems. It permits these counties to adjust how often properties are valued, set limits on value changes based on inflation or population, and determine tax calculation methods - while still following state constitutional tax uniformity rules. Counties can also require transparency measures like efficiency audits before seeking tax increases. The bill requires counties using these options to report their methods and impacts annually to the state tax commission and auditor. This directly affects eligible counties and their taxpayers by giving local governments more flexibility in managing property tax policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables counties to implement transparent tax systems with efficiency audits before increases, promoting fiscal responsibility per topic indicators.85% confidence

Sub-Topics Property Tax

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