Proposes a constitutional amendment that reduces property tax assessments on senior citizens and disabled persons by fifty percent

SECOND REGULAR SESSION
HOUSE JOINT
RESOLUTION NO. 126
103RD GENERAL ASSEMBL Y
INTRODUCED BY REPRESENT A TIVE TERR Y .
4099H.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.
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Section A. Section 4(b), Article X, Constitution of Missouri, is repealed and one new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. Beginning January 1, 2027, r esidential pr operty that is owned by an
18 individual who is sixty-five years of age or older or an individual who is permanently
19 disabled under federal law or under the laws of this state, and who has a federal taxable
20 income, for the most r ecently completed income tax year before the date of pr operty tax
21 assessment, of fifty thousand dollars or less, or seventy-five thousand dollars or less if
22 such taxpayer is married and filing jointly , shall be assessed at fifty per cent of the value
23 at which such pr operty would otherwise be assessed under subsection 1 of this section.
✔
HJR 126 2