Missouri SJR70 amends property tax assessment provisions in the state constitution.
Missouri SJR70 proposes to amend the state constitution by repealing and replacing section 4(b) of article X. The amendment modifies property tax assessments for residential property, ensuring that the assessed value does not increase while the homeowner continues to own the property. It also allows for increases in assessed value due to new construction or property improvements. The amendment sets a maximum tax rate of eight percent for all property classes and subclasses.
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