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SECOND REGULAR SESSION
HOUSE JOINT
RESOLUTION NO. 1 12
103RD GENERAL ASSEMBL Y
INTRODUCED BY REPRESENT A TIVE COLEMAN.
5366H.01I JOSEPH ENGLER, Chief Clerk
JOINT RESOLUTION
Submitting to the qualified voters of Missouri an amendment repealing Section 4(b) of Article
X of the Constitution of Missouri, and adopting one new section in lieu thereof
relating to property tax assessments.
Be it r esolved by the House of Repr esentatives, the Senate concurring ther ein:
That at the next general election to be held in the state of Missouri, on T uesday next
2 following the first Monday in November , 2026, or at a special election to be called by the
3 governor for that purpose, there is hereby submitted to the qualified voters of this state, for
4 adoption or rejection, the following amendment to Article X of the Constitution of the state of
5 Missouri:
Section A. Section 4(b), Article X, Constitution of Missouri, is repealed and one new
2 section adopted in lieu thereof, to be known as Section 4(b), to read as follows:
Section 4(b). 1. Property in classes 1 and 2 and subclasses of those classes[ , ] shall be
2 assessed for tax purposes at its value or such percentage of its value as may be fixed by law
3 for each class and for each subclass. Property in class 3 and its subclasses shall be taxed only
4 to the extent authorized and at the rate fixed by law for each class and subclass, and the tax
5 shall be based on the annual yield and shall not exceed eight percent thereof. Property in
6 class 1 shall be subclassed in the following classifications:
7 (1) Residential property;
8 (2) Agricultural and horticultural property;
EXPLANA TION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is
intended to be omitted from the law . Matter in bold-face type in the above bill is proposed language.
9 (3) Utility , industrial, commercial, railroad, and all other property not included in
10 subclasses (1) and (2) of class 1.
11
12 Property in the subclasses of class 1 may be defined by law , however subclasses (1), (2), and
13 (3) shall not be further divided, provided, land in subclass (2) may by general law be assessed
14 for tax purposes on its productive capability . The same percentage of value shall be applied
15 to all properties within any subclass. No classes or subclass shall have a percentage of its true
16 value in money in excess of thirty-three and one-third percent.
17 2. (1) Notwithstanding the provi sions of subsection 1 of this section or section 3
18 of this article to the contrary , beginning January 1, 2027, for all r esidential r eal
19 pr operty , including such pro perty used for single family or multiple-unit re sidential
20 r entals, the true value of such prop erty shall be deemed to be the same value determined
21 at the most r ecent pr evious assessment of the prop erty .
22 (2) Notwithstanding the pr ovisions of subdivision (1) of this subsection to the
23 contrary , in a new assessment or rea ssessment of r esidential real pr operty , the assessed
24 valuation of such prop erty may be incr eased fr om the assessed valuation of such
25 pr operty determined at its most recen t pr evious assessment, prov ided that such incr ease
26 does not exceed the change in the consumer price index since the most r ecent pre vious
27 assessment or up to a two-per cent annual incr ease in the assessed valuation of the
28 pr operty , whichever is less. Such limited incr ease may be exceeded to ref lect the value
29 added to the pr operty as a res ult of new construction or impro vements made to the
30 pr operty as determined by the county appraisal system.
✔
HJR 1 12 2