SECONDREGULARSESSION
HOUSECOMMITTEESUBSTITUTENO.2FOR
HOUSEJOINT
RESOLUTION NO.78
102NDGENERALASSEMBLY
3064H.06C 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
19thathasbeenmaintainedbythehomeownerashisorherprimaryresidence,thetrue
20valueofsuchpropertyshallbedeemedtobethesamevaluedeterminedatthemost
21recentpreviousassessmentoftheproperty.
22 (2)Notwithstandingtheprovisionsofsubdivision(1)ofthissubsectiontothe
23contrary,inanewassessmentorreassessmentofresidentialrealpropertythathasbeen
24maintainedbythehomeownerashisorherprimaryresidence,theassessedvaluationof
25suchpropertymaybeincreasedfromtheassessedvaluationofsuchproperty
26determinedatitsmostrecentpreviousassessment,providedthatsuchincreasedoes
27notexceedthechangeintheconsumerpriceindexsincethemostrecentprevious
28assessmentoruptoatwopercentannualincreaseintheassessedvaluationofthe
29property,whicheverisless.Suchlimitedincreasemaybeexceededtoreflectthevalue
30addedtothepropertyasaresultofnewconstructionorimprovementsmadetothe
31propertyasdeterminedbythecountyappraisalsystem.
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HCS#2HJR78 2