Modifies several provisions relating to property taxes

HB 2755 revises Missouri's property tax classification system by redefining key terms for residential, agricultural, and commercial properties. It clarifies that residential property includes manufactured home parks and urban community gardens (cultivated by residents for community use), while excluding transient housing like hotels. The bill also allows local taxing districts to adjust property tax levies to recoup revenue lost when multi-unit residential properties (with five or more units) are reclassified, provided adjustments do not exceed the highest tax rate after 1980. County assessors must provide valuation data to support these adjustments.