SB 87 Missouri Senate · 2025 Regular Session

Reduces the assessment percentage for residential real property

SB 87 reduces the assessment percentage applied to residential real property. This legislative change means that a smaller portion of a home's market value will be used when calculating property taxes. The bill directly affects owners of residential properties by lowering their taxable property value.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2024

Committee Review

Floor Vote

Governor

Introduced Dec 1, 2024 Last action May 14, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Senate Committee Substitute · 5 edits

MODERATE

The bill was amended from its original introduced version to a Senate Committee Substitute version, primarily updating administrative details and clarifying property assessment rules. The changes include updating the bill number, removing explanatory notes about omitted text, and reorganizing the formatting of the document. Substantively, the bill retains its core purpose of repealing and replacing a section of the Missouri Revised Statutes related to real property taxation near airports.

Scope change

The bill's substantive scope remains unchanged; the amendments are primarily technical and formatting updates rather than policy modifications.

TECHNICAL

Updated the bill number from 1373S.01I to 1373S.02C to reflect its progression through the legislative process.

Removed explanatory notes indicating that bold-faced bracketed text is not enacted, as this was part of the original draft markup.

Reorganized line breaks and spacing throughout the document to improve formatting consistency.

DEFINITION

Added detailed definitions for 'comparable' properties in the assessment section, specifying distance limits (one mile), size requirements (within 500 square feet), and similarity criteria.

REQUIREMENT

Added new subsections regarding personal property assessment forms and specific tax percentages for various items like grain, livestock, farm machinery, and historic vehicles.

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 24, 2025

Upper · Passed

Reported from S Economic and Workforce Development Committee w/SCS

upper

Feb 19, 2025

Upper · Passed

SCS Voted Do Pass S Economic and Workforce Development Committee (1373S.02C)

upper

Jan 29, 2025

Upper · Passed

Hearing Conducted S Economic and Workforce Development Committee

upper

Dec 1, 2024

Introduced

Prefiled

upper

1 primary · 0 co-sponsors