Proposes a constitutional amendment relating to residential real property tax assessments
Summary
HJR86 proposes a constitutional amendment for Missouri that would change how property is assessed for tax purposes, with a particular focus on residential real property. The resolution would repeal and replace Section 4(b) of Article X of the Missouri Constitution, reaffirming the general framework for classifying and assessing property while adding a new limit on annual increases in assessed valuation for residential property.
Beginning January 1, 2027, the bill would cap increases in the assessed valuation of residential real property at 8% from the property’s most recent prior assessment. The cap would not apply if the residence was sold in the prior year or if the increase reflects new construction or improvements that increased the home’s total square footage by at least 25% in the prior year. The measure also preserves the authority of county assessors to reduce assessed values. Because it is a joint resolution, the proposal would go to Missouri voters for approval rather than taking effect directly as ordinary legislation.
Impact
If adopted, HJR86 would amend the Missouri Constitution and directly affect property tax assessment practices statewide, especially for homeowners. It would impose a constitutional limit on how quickly assessed values for residential property can rise year to year, potentially slowing property tax growth for existing homeowners while allowing reassessment after a sale or major expansion. The measure would also leave the broader classification system for classes 1, 2, and 3 property in place, but add a new constitutional rule governing residential assessment increases.
Sentiment
Based on the bill text and available context, the measure appears to be framed as a taxpayer-relief proposal aimed at limiting sharp increases in residential property tax assessments. There are no committee transcripts or recorded votes provided, so there is no documented legislative debate or formal vote history to indicate broader support or opposition. The available context suggests a generally pro-homeowner, property-tax-limitation sentiment, but the public record here does not show how lawmakers or stakeholders reacted.
Contention
The main policy tension in HJR86 is between limiting property tax increases for homeowners and preserving local taxing authority and assessment flexibility. Supporters would likely favor the 8% cap as a safeguard against sudden assessment spikes, while opponents may argue it could constrain assessors, create inequities between long-term owners and recent buyers, and reduce local government revenue growth. The exceptions for recent sales and substantial improvements also suggest concern about preventing underassessment after market transactions or major property upgrades.