Budget & Taxes (Property Tax)

passed both · Missouri · Senate May 15, 2026

SB 1066: Modifies provisions relating to taxation

This Missouri bill clarifies property tax classifications by defining key terms for residential, agricultural, and commercial property. It explicitly includes short-term rentals (under 30 days) as residential property for tax purposes, excluding them from "transient housing" like hotels. The bill also expands agricultural property to cover urban community gardens and specifies how properties used for multiple purposes (e.g., farming with a home) should be classified. These changes help ensure consistent tax assessments and provide local governments with rules to adjust levies if property classification changes affect revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesClarifies property tax classifications for residential/agricultural properties, directly impacting tax application and fiscal management per the bill's purpose.92% confidence

Sub-Topics Debt & Bonds Property Tax Tax Credits

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in committee · Missouri · House Jan 20, 2026

HB 2215: Authorizes an income tax deduction for amounts paid towards tangible personal property taxes

HB 2215 would allow Missouri residents to deduct all paid tangible personal property taxes (such as taxes on cars, boats, or equipment) from their state income tax starting in 2027. Eligible taxpayers could claim this deduction either as a standard subtraction or through itemized deductions on their state tax return, excluding penalties, interest, or special assessments. The Department of Revenue would verify qualifying amounts, and the program would automatically expire six years after implementation unless the legislature reauthorizes it. This change directly affects individual taxpayers with tangible personal property tax obligations who file Missouri income taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows income tax deduction for property taxes, reducing tax burden for residents - direct tax relief aligned with middle-income support indicators.92% confidence

Sub-Topics Income Tax Property Tax

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in committee · Missouri · House Feb 17, 2026

HB 1892: Modifies provisions relating to property tax assessments of certain stationary property

HB 1892 standardizes how local assessors calculate property taxes for business equipment (like machinery and tools) by requiring them to use a federal-based depreciation schedule. It sets specific percentages for reducing the tax value of equipment over time, based on its expected useful life (recovery period), starting from the year the equipment was placed in service. Starting January 1, 2027, the law also applies to stationary real property (such as storage tanks for liquids/gases) used in transportation or storage, requiring assessors to use a 20-year depreciation schedule for these properties. Businesses owning this equipment or property must report its original cost and year placed in service by May 1st each year to support the assessment.

Topics ✓ Budget & TaxesSupports Budget & TaxesStandardizes depreciation schedules for business equipment, lowering taxable value over time to provide tax relief to businesses, aligning with tax relief indicators.92% confidence

Sub-Topics Business Taxes Property Tax

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in committee · Missouri · House May 15, 2026

HB 2467: Authorizes counties to adopt a real property tax exemption for taxpayers sixty-two years of age and older who own a homestead

HB 2467 would allow Missouri counties to create a property tax exemption for homeowners aged 62 or older who live in their primary residence (homestead). To qualify, individuals must own the property, use it as their main home, and pay the associated taxes. Counties would need to adopt a local ordinance to implement the exemption, which would cover 100% of the homestead’s tax bill starting in 2027. This exemption cannot be transferred, and recipients cannot also claim other property tax benefits or credits under state law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesTax exemption reduces county revenue, weakening fiscal management by decreasing tax base without offsetting funding.90% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SJR 77: Authorizes a property tax exemption for disabled veterans

SJR 77 is a Senate Joint Resolution proposing a property tax exemption for disabled veterans. It would authorize the state to exempt qualifying disabled veterans from paying property taxes on their primary residence. This resolution is currently in early stages (prefiled and first read) and would require further legislative approval to become law. It does not currently change tax policy but proposes a new exemption for disabled veterans if enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes property tax exemption for disabled veterans, providing targeted tax relief to a specific group, aligning with tax relief indicators.90% confidence ✓ VeteransSupports VeteransProposes property tax exemption for disabled veterans, directly expanding financial benefits and reducing costs for this group.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives Veteran Benefits Veteran Education Veteran Healthcare Tags People with Disabilities

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in committee · Missouri · House Mar 25, 2026

HB 2362: Authorizes the "Disabled Veteran Property Tax Relief Act" relating to a property tax exemption for certain veterans

HB 2362 creates a property tax exemption for Missouri disabled veterans, reducing their primary residence property taxes by a percentage equal to their U.S. Department of Veterans Affairs disability rating (e.g., a 50% rating reduces taxes by 50%). It directly affects Missouri residents who are disabled veterans (with VA-certified disability ratings), own their primary residence, and file annual applications with VA documentation by April 1. The exemption is proportional to the veteran’s disability rating (up to 100% for 100% rating) and extends to surviving spouses who retain ownership and residency without remarrying. To qualify, applicants must submit proof of disability rating, ownership, and primary residence occupancy each year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden based on VA disability rating, directly advancing tax relief for qualifying residents.95% confidence ✓ VeteransSupports VeteransCreates property tax exemption proportional to VA disability rating, directly expanding financial benefits for disabled veterans per bill's core purpose.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Missouri · House Mar 30, 2026

HB 2329: Reduces the assessment percentage of tangible personal property over a period of years

HB 2329 reduces the tax assessment rate for tangible personal property (such as business equipment, vehicles, and movable assets) owned by businesses and individuals in Missouri. It phases down the current 33.33% assessment rate over three years: to 28.22% in 2027, 23.11% in 2028, and permanently to 18% starting in 2029. The bill repeals the existing assessment rate language in Missouri law (section 137.115) and replaces it with this new phased reduction schedule. This directly lowers property tax bills for owners of tangible personal property beginning in 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces property tax assessment rate from 33.33% to 18% over three years, providing direct tax relief for businesses and individuals under taxation policy.95% confidence

Sub-Topics Business Taxes Property Tax

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in committee · Missouri · Senate Jan 27, 2026

SJR 88: Authorizes a property tax exemption for disabled veterans

SJR 88 is a proposed constitutional amendment in Missouri that would create a property tax exemption for disabled veterans and their surviving spouses. It defines a "disabled veteran" as a Missouri resident with honorable military service and 100% VA disability compensation from service-connected injuries, and exempts their primary residence (homestead) from property taxes. Surviving spouses retain the exemption only if they continue living in the same home; the exemption ends if they sell the property or move. To offset lost local tax revenue, the bill requires counties to impose a replacement tax on certain commercial property (subclass 3 of class 1), with adjustments based on property values and voter approval for rate changes. This is a pending constitutional amendment (prefiled Dec 2025, first read Jan 2026), not yet law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden and aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransProposes property tax exemption for disabled veterans and surviving spouses, directly expanding financial benefits and recognition through tax relief.95% confidence

Sub-Topics Property Tax Revenue Tax Incentives Veteran Benefits Veteran Healthcare

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in committee · Missouri · House Feb 17, 2026

HJR 148: Proposes a constitutional amendment modifying provisions relating to taxation of real property

HJR 148 proposes a constitutional amendment that would temporarily adjust property tax levies for certain Missouri school districts affected by a federal court order. It allows these districts to set property tax rates lower than the court-ordered 1995 rate until December 31, 2026, with voter approval needed for rates at or above the original court rate. For 2027, it requires school districts to set levies to maintain prior revenue levels adjusted for inflation (using the Consumer Price Index), then reverts to standard constitutional tax rules starting in 2028. This directly affects school districts with historical court-ordered property tax rates. The amendment must be approved by voters before taking effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesTemporarily lowers property tax rates for affected school districts until 2026, providing tax relief while maintaining revenue through inflation adjustments post-2026.95% confidence ✓ EducationSupports EducationBill maintains school district revenue levels adjusted for inflation (CPI) to prevent funding cuts, directly protecting educational funding stability for K-12 districts.90% confidence

Sub-Topics Property Tax

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passed · Missouri · House Feb 26, 2026

HB 1766: Modifies provisions relating to personal property assessments

HB 1766 modifies how local governments adjust property tax rates when property valuations change. It requires counties, cities, and school districts to revise tax rates for different property types (like residential or commercial) to maintain the same total tax revenue as the previous year, excluding certain properties such as railroads and utilities. The bill sets limits on rate increases, preventing them from exceeding voter-approved ceilings or a 5% annual inflation cap. This ensures local governments collect consistent revenue after valuation changes while adhering to constitutional and legal constraints.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes 5% inflation cap and voter ceiling limits on property tax rate increases, restricting local government tax hikes.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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