Proposes a constitutional amendment repealing the requirement that taxes shall be payable during the fiscal year or calendar year in which property is assessed

HJR 163 proposes a constitutional amendment in Missouri that would remove the current requirement for property taxes to be paid in the same fiscal or calendar year the property is assessed. The bill seeks to repeal the existing rule (currently in Article X of the Missouri Constitution) that mandates tax payments occur during the assessment year. This change would allow property owners to pay taxes in a different year than when their property value is determined. The amendment directly affects all Missouri property owners who pay annual property taxes, altering the timing of when payments are due.