S.J.Res.113

Missouri SJR113 proposes a constitutional amendment to modify property tax assessments.

Missouri SJR113 seeks to amend the state constitution to change how property tax assessments are calculated. It proposes to repeal the current section 4(b) of article X and replace it with a new section. The amendment would affect residential real property, allowing its assessed valuation to increase based on the consumer price index or a two-percent annual increase. The bill also outlines specific classes and subclasses of property, detailing how each should be assessed for tax purposes.