| 8 | 7 | | JOINTRESOLUTION |
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| 9 | 8 | | SubmittingtothequalifiedvotersofMissourianamendmentrepealingSection4(b)ofArticle |
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| 10 | 9 | | XoftheConstitutionofMissouri,andadoptingonenewsectioninlieuthereof |
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| 11 | 10 | | relatingtopropertytaxassessments. |
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| 12 | 11 | | BeitresolvedbytheHouseofRepresentatives,theSenateconcurringtherein: |
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| 13 | 12 | | ThatatthenextgeneralelectiontobeheldinthestateofMissouri,onTuesdaynext |
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| 14 | 13 | | 2followingthefirstMondayinNovember,2024,orataspecialelectiontobecalledbythe |
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| 15 | 14 | | 3governorforthatpurpose,thereisherebysubmittedtothequalifiedvotersofthisstate,for |
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| 16 | 15 | | 4adoptionorrejection,thefollowingamendmenttoArticleXoftheConstitutionofthestateof |
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| 17 | 16 | | 5Missouri: |
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| 18 | 17 | | SectionA.Section4(b),ArticleX,ConstitutionofMissouri,isrepealedandonenew |
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| 19 | 18 | | 2sectionadoptedinlieuthereof,tobeknownasSection4(b),toreadasfollows: |
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| 20 | 19 | | Section4(b).1.Propertyinclasses1and2andsubclassesofthoseclasses[,] shallbe |
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| 21 | 20 | | 2assessedfortaxpurposesatitsvalueorsuchpercentageofitsvalueasmaybefixedbylaw |
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| 22 | 21 | | 3foreachclassandforeachsubclass.Propertyinclass3anditssubclassesshallbetaxedonly |
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| 23 | 22 | | 4totheextentauthorizedandattheratefixedbylawforeachclassandsubclass,andthetax |
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| 24 | 23 | | 5shallbebasedontheannualyieldandshallnotexceedeightpercentthereof.Propertyin |
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| 25 | 24 | | 6class1shallbesubclassedinthefollowingclassifications: |
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| 26 | 25 | | 7 (1)Residentialproperty; |
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| 27 | 26 | | 8 (2)Agriculturalandhorticulturalproperty; |
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| 28 | 27 | | 9 (3)Utility,industrial,commercial,railroad,andallotherpropertynotincludedin |
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| 29 | 28 | | 10subclasses(1)and(2)ofclass1. |
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| 33 | 32 | | 13(3)shallnotbefurtherdivided,provided,landinsubclass(2)maybygenerallawbeassessed |
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| 34 | 33 | | 14fortaxpurposesonitsproductivecapability.Thesamepercentageofvalueshallbeapplied |
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| 35 | 34 | | 15toallpropertieswithinanysubclass.Noclassesorsubclassshallhaveapercentageofitstrue |
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| 36 | 35 | | 16valueinmoneyinexcessofthirty-threeandone-thirdpercent. |
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| 37 | 36 | | 17 2.(1)Notwithstandingtheprovisionsofsubsection1ofthissectionandsection3 |
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| 38 | 37 | | 18ofthisarticletothecontrary,beginningJanuary1,2025,forallresidentialrealproperty |
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| 39 | 38 | | 19thathasbeenmaintainedbythehomeownerashisorherprimaryresidence,thetrue |
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| 40 | 39 | | 20valueofsuchpropertyshallbedeemedtobethesamevaluedeterminedatthemost |
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| 41 | 40 | | 21recentpreviousassessmentoftheproperty. |
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| 42 | 41 | | 22 (2)Notwithstandingtheprovisionsofsubdivision(1)ofthissubsectiontothe |
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| 43 | 42 | | 23contrary,inanewassessmentorreassessmentofresidentialrealpropertythathasbeen |
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| 44 | 43 | | 24maintainedbythehomeownerashisorherprimaryresidence,theassessedvaluationof |
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| 45 | 44 | | 25suchpropertymaybeincreasedfromtheassessedvaluationofsuchproperty |
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| 46 | 45 | | 26determinedatitsmostrecentpreviousassessment,providedthatsuchincreasedoes |
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| 47 | 46 | | 27notexceedthechangeintheconsumerpriceindexsincethemostrecentprevious |
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| 48 | 47 | | 28assessmentoruptoatwopercentannualincreaseintheassessedvaluationofthe |
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| 49 | 48 | | 29property,whicheverisless.Suchlimitedincreasemaybeexceededtoreflectthevalue |
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| 50 | 49 | | 30addedtothepropertyasaresultofnewconstructionorimprovementsmadetothe |
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| 51 | 50 | | 31propertyasdeterminedbythecountyappraisalsystem. |
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| 52 | 51 | | âś” |
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| 53 | 52 | | HCS#2HJR78 2 |
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