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SJR113 • 2026

Modifies provisions relating to property tax assessments

Modifies provisions relating to property tax 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
2026-02-05
Official status
Second Read and Referred S Select Committee on Property Taxes and the State Tax Commission Committee
Effective date
Upon voter

Plain English Breakdown

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

Bill History

  1. 2026-02-05 S311

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

  2. 2026-01-07 S105

    S First Read

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SJR 113 - This constitutional amendment, if approved by the voters, provides that, beginning January 1, 2027, the assessed value of residential real property shall be the most recent assessment. For all reassessments of such residential real property, the assessed value shall not increase by more than the increase in the Consumer Price Index or by 4%, whichever is less, provided that the assessed value shall reflect the value added to the property as a result of new construction or improvements, as described in the act.

This amendment is identical to HJR 112 (2026), is substantially similar to SJR 34 (2025), SJR 50 (2025), SJR 54 (2025), HCS/HJR 4 (2025), HCS#2/HJR 78 (2024), HJR 86 (2025), HJR 89 (2025), and SJR 90 (2024), and is similar to HJR 85 (2024), HJR 120 (2024), HJR 184 (2024).
JOSH NORBERG