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SECOND REGULAR SESSION
HOUSE JOINT
RESOLUTION NO. 152
103RD GENERAL ASSEMBL Y
INTRODUCED BY REPRESENT A TIVE JOBE.
5810H.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Section A. Section 4(b), Article X, Constitution of Missouri, is repealed and one new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 pr ovisions of subsection 1 of this section and section 3
18 of this article to the contrary , beginning January 1, 2027, for all res idential rea l pr operty
19 that has been maintained by the homeowner as his or her primary res idence, the true
20 value in money for the purposes of assessment of such prop erty shall be deemed to be
21 the same value determined at the most recent pr evious assessment of the pr operty . In a
22 new assessment or reas sessment of such resi dential r eal pr operty maintained as a
23 primary resi dence, the assessed valuation of such pr operty may be incre ased:
24 (a) Not mor e than five per cent annually fr om the assessed valuation of such
25 pr operty determined at its most recen t previ ous assessment; or
26 (b) Mor e than five per cent, subject to the pr ovisions, r equir ements, and
27 limitations as pro vided by general law , in the following cir cumstances:
28 a. The incr ease r eflects the value added to the res idential rea l pro perty as a
29 r esult of new construction or impr ovements made to the pro perty as determined by the
30 county appraisal system; or
31 b. The incr ease ref lects the true market value of the r esidential real pr operty
32 after it has been transferred or sold such that ownership of the primary res idence
33 passed from one individual or entity to another individual or entity thr ough legal means
34 including, but not limited to, sale or pr obate on or after the previo us assessment date.
35 The true value in money shall refl ect the true market value of the re sidential r eal
36 pr operty for the first new assessment or reas sessment year of such pro perty under the
37 new ownership, befor e the limitations on incr eases under paragraph (a) of this
38 subdivision may apply , if applicable to such prop erty .
39 (2) The pr ovisions of this subsection shall not affect the ability of any assessor to
40 decr ease the assessed value of any res idential rea l pr operty .
✔
HJR 152 2