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SB1212 • 2026

Modifies provisions relating to property assessments

Modifies provisions relating to property assessments

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Nicola, Joe; House handler: N/A
Last action
2026-01-27
Official status
Second Read and Referred S Select Committee on Property Taxes and the State Tax Commission Committee
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-01-27 S239

    Second Read and Referred S Select Committee on Property Taxes and the State Tax Commission Committee

  2. 2026-01-07 S71

    S First Read

  3. 2025-12-01 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1212 - Current law requires assessors to assess personal property at a rate of 33.3% of true value, and residential, agricultural, and all other real property at rates of 19%, 12%, and 32%, respectively. For all tax years beginning on or after January 1, 2027, this act requires the State Tax Commission to calculate the total assessed valuation for each subclass of real property, individually, and for personal property, in the aggregate. If such amount for a class or subclass exceeds such amount from the previous year for such class or subclass by more than the percent increase in inflation or five percent, whichever is less, the State Tax Commission shall adjust the assessment percentage for that class or subclass of property so that the total assessed value for that class or subclass does not exceed the amount from the previous year plus the allowable growth factor.

The calculations and adjustments to the assessment percentage required by the act shall be completed and submitted to each county assessor by no later than August 7 of each year. (Section 137.115)

Additionally, current law requires assessors to send the assessor's book to the county governing body by July 1 of each year. This act changes such date to June 1. Current law requires county clerks to forward an abstract of the assessment book to the State Tax Commission and to the governing body of each political subdivision by July 20 of each year. This act changes such date to June 20. (Section 137.245)
JOSH NORBERG