Proposes a constitutional amendment that reduces property tax assessments on senior citizens and disabled persons by fifty percent

This constitutional amendment proposes a 50% reduction in property tax assessments for residential property owned by Missouri residents who are 65+ years old or permanently disabled under federal or state law, with income limits of $50,000 (single) or $75,000 (married filing jointly) for the prior tax year. It would apply to residential properties only, lowering the taxable value used to calculate property taxes. The change would take effect January 1, 2027, pending voter approval in a 2026 election. The amendment would amend Missouri's Constitution to establish this tax relief as a permanent provision for qualifying homeowners.