S.J.Res.89

Missouri SJR89 proposes a constitutional amendment to modify property tax assessments.

Missouri SJR89 proposes an amendment to the Missouri Constitution to change property tax assessments. It repeals the current section 4(b) and replaces it with a new section. The new section sets a percentage for the true value of property in classes 1 and 2 and subclasses. For residential property in subclass (1) of class 1, the assessed value will not increase while the owner continues to own the property. The amendment also specifies that subclasses of class 1 may be defined by law, but subclasses (1), (2), and (3) cannot be further divided.