S.J.Res.66

Missouri SJR66 proposes an amendment to the state constitution to modify property tax provisions.

Missouri SJR66 proposes an amendment to the state constitution to modify property tax provisions. It repeals the existing section 4(b) of article X and introduces a new section. The new section specifies that property in classes 1 and 2, and their subclasses, will be assessed for tax purposes at a value or a percentage of its value set by law. For class 3 and its subclasses, the tax will be based on the annual yield and capped at eight percent.