Missouri 2024 Regular Session

Missouri House Bill HJR184

Introduced
2/29/24  

Caption

Proposes a constitutional amendment relating to residential real property tax assessments

Impact

The proposed amendment may significantly alter the tax landscape in the state by influencing both revenue generation for local governments and financial responsibilities for homeowners. If implemented, this change could provide relief to many property owners facing increases in their property taxes owing to market fluctuations. Nevertheless, the amendment's efficacy in ensuring sustainable funding for essential local services remains a pivotal concern among legislators and stakeholders.

Summary

HJR184 proposes a constitutional amendment related to the assessment of residential real property taxes. This bill intends to modify how such properties are evaluated for tax purposes, potentially affecting the tax burden on homeowners. By changing the assessment methodology, supporters of HJR184 believe it could lead to fairer tax rates for residents, especially those impacted by rising property values. The measure highlights the ongoing discussions surrounding property taxation and the financial implications for local communities.

Contention

Despite its potential benefits, HJR184 faces opposition from various factions. Critics argue that altering property tax assessment methods could lead to disparities in funding for local governments, which rely on property taxes to support essential services such as education, public safety, and infrastructure. The debate centers on balancing the need for tax fairness among residents and the necessity of maintaining adequate resources for public services, making HJR184 a contentious legislative issue.

Companion Bills

No companion bills found.

Previously Filed As

MO HJR33

Proposes a constitutional amendment relating to real property tax assessments

MO HJR56

Proposes a constitutional amendment relating to property taxes

MO HJR17

Proposes a constitutional amendment to freeze property tax assessments for senior citizens

MO HJR35

Proposes a constitutional amendment relating to taxation

MO HJR63

Proposes a constitutional amendment relating to MO HealthNet

MO HJR52

Proposes a constitutional amendment granting property tax exemptions to certain disabled veterans

MO HJR47

Proposes a constitutional amendment authorizing a property tax exemption for certain property used for childcare

MO HJR55

Proposes a constitutional amendment to modify personal property tax payments for motor vehicles

MO HJR62

Proposes a constitutional amendment relating to sheriffs

MO HJR60

Proposes a constitutional amendment to allow the general assembly to exempt tangible personal property from personal property taxation by general law

Similar Bills

No similar bills found.