SECONDREGULARSESSION
HOUSECOMMITTEESUBSTITUTEFOR
HOUSEJOINT
RESOLUTION NO.78
102NDGENERALASSEMBLY
3064H.02C DANARADEMANMILLER,ChiefClerk
JOINTRESOLUTION
SubmittingtothequalifiedvotersofMissourianamendmentrepealingSection4(b)ofArticle
XoftheConstitutionofMissouri,andadoptingonenewsectioninlieuthereof
relatingtopropertytaxassessments.
BeitresolvedbytheHouseofRepresentatives,theSenateconcurringtherein:
ThatatthenextgeneralelectiontobeheldinthestateofMissouri,onTuesdaynext
2followingthefirstMondayinNovember,2024,orataspecialelectiontobecalledbythe
3governorforthatpurpose,thereisherebysubmittedtothequalifiedvotersofthisstate,for
4adoptionorrejection,thefollowingamendmenttoArticleXoftheConstitutionofthestateof
5Missouri:
SectionA.Section4(b),ArticleX,ConstitutionofMissouri,isrepealedandonenew
2sectionadoptedinlieuthereof,tobeknownasSection4(b),toreadasfollows:
Section4(b).1.Propertyinclasses1and2andsubclassesofthoseclasses[,] shallbe
2assessedfortaxpurposesatitsvalueorsuchpercentageofitsvalueasmaybefixedbylaw
3foreachclassandforeachsubclass.Propertyinclass3anditssubclassesshallbetaxedonly
4totheextentauthorizedandattheratefixedbylawforeachclassandsubclass,andthetax
5shallbebasedontheannualyieldandshallnotexceedeightpercentthereof.Propertyin
6class1shallbesubclassedinthefollowingclassifications:
7 (1)Residentialproperty;
8 (2)Agriculturalandhorticulturalproperty;
9 (3)Utility,industrial,commercial,railroad,andallotherpropertynotincludedin
10subclasses(1)and(2)ofclass1.
11
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 12Propertyinthesubclassesofclass1maybedefinedbylaw,howeversubclasses(1),(2),and
13(3)shallnotbefurtherdivided,provided,landinsubclass(2)maybygenerallawbeassessed
14fortaxpurposesonitsproductivecapability.Thesamepercentageofvalueshallbeapplied
15toallpropertieswithinanysubclass.Noclassesorsubclassshallhaveapercentageofitstrue
16valueinmoneyinexcessofthirty-threeandone-thirdpercent.
17 2.(1)Notwithstandingtheprovisionsofsubsection1ofthissectionandsection3
18ofthisarticletothecontrary,beginningJanuary1,2025,forallresidentialrealproperty
19that:
20 (a)Hasbeenmaintainedbythehomeownerashisorherprimaryresidence;or
21 (b)Hasbeenmaintainedbytheage-qualifiedtaxpayer,asdefinedunder
22paragraph(d)ofsubdivision(3)ofthissubsection,ashisorherprimaryresidence,
23
24thetruevalueofsuchpropertyshallbedeemedtobethesamevaluedeterminedatthe
25mostrecentpreviousassessmentoftheproperty,orifthepropertyhasbeensoldsince
26itsmostrecentassessment,thetruevalueofsuchpropertyshallbedeemedtobethe
27totalfairmarketvalueofthecompensationreceivedbythesellerforthesaleofsuch
28property.Thetitlecompanyofthepurchaserofanysuchpropertyshallsendtothe
29assessor,assoonasreasonablypracticableafterthepurchase,anotarizedcopyofthe
30salescontractoftheproperty,andsuchdocumentshallbeconsideredaclosedrecord
31understatelaw.
32 (2)Notwithstandingtheprovisionsofsubdivision(1)ofthissubsectiontothe
33contrary,inanewassessmentorreassessmentofresidentialrealproperty,theassessed
34valuationofsuchpropertymaybeincreasedfromtheassessedvaluationofsuch
35propertydeterminedatitsmostrecentpreviousassessmentbutonlytotheextentthat
36suchanincrease:
37 (a)Incorporatesthechangeintheconsumerpriceindexsincethemostrecent
38previousassessmentoruptoatwopercentannualincreaseintheassessedvaluationof
39theproperty,whicheverisless;or
40 (b)Reflectsthevalueaddedtothepropertyasaresultofnewconstructionor
41improvementsmadetothepropertyasfollows:
42 a.Suchvalueshallbetheactualcostofthematerialspurchasedfor
43improvements;
44 b.Documentationofactualcostsshallbesenttotheassessorassoonas
45reasonablypracticableafterthecompletionofthenewconstructionorimprovements;
46and
HCSHJR78 2 47 c.Suchdocumentationofcostsorotherdocumentsshallnotbemadeavailable
48toanyentityandshallbeusedonlybytheassessorforthesolepurposeofestablishing
49thetruevalueoftheproperty.
50 (3)(a)Theprovisionsofsubdivision(2)ofthissubsectionshallnotapplytoan
51age-qualifiedtaxpayersubjecttotheprovisionsofthissubsection.Anage-qualified
52taxpayershall,beginninginthecalendaryearinwhichthetaxpayerreachessixty-five
53yearsofage,beexemptedfromanyincreasesbythestate,acounty,oranyother
54politicalsubdivisionintheassessedvaluationofanyresidentialrealproperty,provided
55suchpropertyisactuallyusedandoccupiedbytheage-qualifiedtaxpayerasaprimary
56residence.
57 (b)Ataxpayerwhowillreachsixty-fiveyearsofageduringataxyearshallbe
58exemptfromanyassessedvaluationincreasesforthattaxyear,andtheassessed
59valuationoftheage-qualifiedtaxpayer'sresidentialrealpropertyshallbebasedonthe
60mostrecentassessedvaluationforthetaxyearimmediatelyprecedingtheyearinwhich
61theage-qualifiedtaxpayerbecameeligiblefortheexemptionfromassessedvaluation
62increasesunderthissubdivision.
63 (c)Ifanage-qualifiedtaxpayerrelocatestoadifferentresidentialrealproperty,
64oncetheage-qualifiedtaxpayermeetsallrequirementstoestablishthenewlyacquired
65residentialrealpropertyastheage-qualifiedtaxpayer'sprimaryresidence,theassessed
66valuationshallbebasedonthemostrecentassessedvaluationofthenewlyacquired
67primaryresidencebeforethetaxyearthattheage-qualifiedtaxpayerbecameeligible
68againfortheassessedvaluationincreaseexemptionprovidedunderthissubdivision.
69 (d)Ifanage-qualifiedtaxpayerismarried,onlyonespouseneedqualifyasan
70age-qualifiedtaxpayertobeeligiblefortheexemptionauthorizedunderthis
71subdivision.Iftheage-qualifiedtaxpayerdies,thesurvivingspouseshallcontinueto
72receivetheexemptionauthorizedunderthissubdivision,providedthatthesurviving
73spouseisliableforthepaymentofrealpropertytaxesontheresidentialrealproperty,is
74anownerofrecordofthepropertyorhasalegalorequitableinterestinthepropertyas
75evidencedbyawritteninstrument,andactuallyusesandoccupiestheresidentialreal
76propertyashisorherprimaryresidence.
77 (e)Forthepurposesofthissubdivision,an"age-qualifiedtaxpayer"isdefined
78asanindividualwhoissixty-fiveyearsofageorolder,liableforthepaymentofreal
79propertytaxesontheresidentialrealproperty,andanownerofrecordoftheproperty
80orhasalegalorequitableinterestinthepropertyasevidencedbyawritteninstrument.
81Uponrequest,anage-qualifiedtaxpayershallpresenttothecountyassessoravalid,
82government-issuedidentificationdocumentthatincludesthebirthdateofsuch
HCSHJR78 3 83taxpayer,suchasadriver'slicense,inordertoverifythatthetaxpayermeetstheage
84qualificationsfortheexemptionasdescribedunderthissubdivision.
85 (4)Theprovisionsofthissubsectionshallnotaffecttheabilityofanycounty
86assessortodecreasetheassessedvalueofanyresidentialrealproperty.
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HCSHJR78 4