MissouriModifies provisions relating to property taxes
What it does
SS/SCS/SJR 111 - Current constitutional provisions require taxing jurisdictions to reduce property tax levies when the total assessed value of property in the taxing jurisdiction increases by more than the percent increase in inflation, with an exception made for levies imposed for the payment of principal and interest on bonds or other indebtedness. This constitutional amendment, if approved by the voters, removes the exemption for debt service levies.
More detail
The amendment also provides that, beginning January 1 following the effective date of the amendment, taxing jurisdictions shall calculate levies for each subclass of real property, and shall reduce the levy for any such class if the assessed valuation for such class increases over the previous year, as provided in the amendment.
Additionally, this amendment requires the value of new construction and improvements to be included in the calculation of total assessed valuation for the purpose of calculating property tax levies. (Section 22)
This amendment is substantially similar to HJR 148 (2026). JOSH NORBERG
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 15Informal Calendar S Bills for PerfectionLatest
- Apr 8SS for SCS S offered (Hudson)--(6511S.04F)
- Apr 8SA 1 to SS for SCS S offered (Beck)--(6511S04.02S)
- Apr 8Bill Placed on Informal Calendar
- Mar 30Bill Placed on Informal Calendar
- Mar 12Reported from S Select Committee on Property Taxes and the State Tax Commission Committee w/SCS
- Mar 11SCS Voted Do Pass S Select Committee on Property Taxes and the State Tax Commission Committee (6511S.03C)Minor
- Feb 18Hearing Conducted S Select Committee on Property Taxes and the State Tax Commission Committee
- Feb 5Second Read and Referred S Select Committee on Property Taxes and the State Tax Commission CommitteeMinor
- Jan 7S First ReadIntroduced