Budget & Taxes (Property Tax)

in committee · Missouri · House Apr 9, 2026

HB 2923: Establishes the "Homestead Improvement Property Tax Relief Act" exempting qualifying improvements to a homestead from real property taxation

HB 2923, titled the "Homestead Improvement Property Tax Relief Act," would exempt qualifying improvements to a homeowner's primary residence (homestead) from real property taxation. This bill directly affects homeowners who make eligible improvements, such as renovations or additions, to their primary residence. The key mechanism is that these qualifying improvements would be excluded from the taxable value of the property, potentially lowering annual property tax bills. The exemption applies to improvements meeting criteria defined in the bill, though specific details of qualifying improvements are not outlined in the provided context.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts homestead improvements from property tax, reducing homeowner tax burden. Aligns with tax relief for residents, supporting fiscal responsibility for individuals.95% confidence

Sub-Topics Property Tax

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in committee · Missouri · House May 7, 2026

HB 2869: Provides a homestead exemption for disabled veterans

HB 2869 creates the "Missouri Disabled Veterans Homestead Tax Credit Act," allowing Missouri counties to offer a property tax credit for eligible disabled veterans who own their primary residence. The credit covers up to 100% of real property taxes on a homestead valued at $500,000 or less, for veterans with a 100% permanent and total service-connected disability rating from the U.S. Department of Veterans Affairs. Counties must vote to adopt the program (opt-in), and veterans must own the home as their primary residence (not exceeding five acres) to qualify. The credit is non-refundable, non-transferable, and does not apply if the veteran rents part of the property or qualifies for other tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax credit for disabled veterans, reducing their tax burden per tax credit provisions in the bill.95% confidence ✓ HousingSupports HousingProvides tax credit for disabled veterans' homesteads, reducing housing costs for eligible owners and advancing affordability for a targeted group.85% confidence ✓ VeteransSupports VeteransCreates property tax credit for disabled veterans with 100% VA disability rating, reducing tax burden on homesteads - directly advancing veteran financial benefits.95% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Veteran Healthcare Veteran Housing

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in committee · Missouri · House May 15, 2026

HJR 167: Proposes a constitutional amendment exempting from taxation certain real and personal property owned by a veteran with a total service-connected disability

HJR 167 proposes a constitutional amendment to exempt from property taxes the real and personal property (up to $200,000 in value, adjusted for inflation) owned by Missouri veterans with a total service-connected disability. This exemption would take effect starting in 2027 and requires voter approval through a statewide election. The amendment also includes other tax exemptions (such as for religious organizations and business inventories), but the primary focus is on veterans. If approved, this change would reduce local property tax revenue for qualifying veterans' property, though the bill does not specify how to replace that lost revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for veterans with disabilities, reducing tax burden on a specific group, aligning with tax relief support indicators.95% confidence ✓ VeteransSupports VeteransExempts veterans with service-connected disabilities from property taxes, directly expanding benefits through tax relief for qualifying veterans.95% confidence

Sub-Topics Property Tax Revenue Veteran Healthcare

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in committee · Missouri · House May 15, 2026

HB 2981: Authorizes the "Missouri Homestead Preservation Act"

HB 2981 creates a new property tax credit for eligible Missouri homeowners, primarily seniors (65+), disabled individuals, or qualifying married couples, whose property tax bills increase by more than a calculated threshold. It directly affects homeowners with combined income under $70,000 (adjusted annually) who own a homestead without significant non-disability improvements (exceeding 5% of assessed value). The credit offsets tax increases above the "homestead exemption limit" (based on prior-year tax liability changes), calculated separately from existing tax rates. Homeowners must apply annually between April 1 and October 15, providing proof of age, income, and tax payment history, with applications processed by the Department of Revenue. The credit applies only to subclass (1) real property and excludes those already claiming other property tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted property tax relief for low-income seniors/disabled homeowners (under $70k), offsetting tax increases via credit mechanism, directly advancing tax relief for vulnerable groups.95% confidence ✓ HousingSupports HousingTax credit prevents displacement of vulnerable homeowners (seniors/disabled), directly supporting housing stability for eligible residents under $70k income.90% confidence

Sub-Topics Property Tax Tax Credits Property Taxes

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in committee · Missouri · House Apr 29, 2026

HB 2859: Reduces the assessment percentage of certain personal property and provides a personal property tax exemption for certain personal property upon adoption of a constitutional amendment authorizing such exemption

HB 2859 reduces the tax assessment rate for specific personal property in Missouri. It lowers the percentage used to calculate taxes on qualifying farm machinery and motor vehicles (manufactured 10+ years prior) from 33.3% down to 16% by 2041, phased annually starting in 2027. The bill directly affects owners of these older farm and vehicle assets, who would see lower annual property tax bills once the tax rate reductions take effect. The law also provides a full tax exemption for these items if Missouri voters approve a related constitutional amendment.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces property tax assessment rate for qualifying farm machinery/vehicles, providing direct tax relief per support indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Missouri · House Mar 25, 2026

HB 2672: Establishes the "Missouri Disabled Veterans Personal Property Tax Credit Act", authorizing counties to adopt a personal property tax credit for certain disabled veterans who own up to two motor vehicles

HB 2672 creates the "Missouri Disabled Veterans Personal Property Tax Credit Act," allowing counties to offer a tax credit on personal property taxes for qualifying disabled veterans who own up to two vehicles. The credit equals the veteran's U.S. Department of Veterans Affairs disability rating (up to 100%), directly benefiting Missouri veterans with a 70% or higher service-connected disability rating who reside in adopting counties. Counties must voluntarily adopt the credit via local ordinance, and the credit reduces the veteran's tax bill without changing the vehicle's assessed value or tax rate. Veterans must provide annual proof of disability rating and vehicle ownership, and the credit does not apply to taxes for the blind pension fund. Counties decide whether to implement the credit, with no requirement for statewide adoption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for disabled veterans, reducing their property tax burden, aligning with tax relief for lower-income veterans per bill's intent to offset disability-related costs.95% confidence ✓ VeteransSupports VeteransBill creates tax credit for disabled veterans (70%+ VA rating) via county adoption, directly reducing property tax burden for qualifying veterans.95% confidence

Sub-Topics Pensions Property Tax Tax Credits Veteran Benefits Veteran Healthcare

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passed · Missouri · House May 7, 2026

HB 2944: Modifies provisions relating to the local senior citizen homestead tax credit

HB 2944 modifies Missouri's senior citizen homestead tax credit to help eligible residents aged 62+ who own their primary residence. It defines the credit amount as the difference between a taxpayer's current property tax bill and their "initial credit year" tax bill, automatically applying this credit annually without requiring reapplication after initial qualification. Counties can choose to implement the credit through a local ordinance or voter referendum, and must apply it to reduce the taxpayer's annual property tax liability. The credit continues automatically until the senior moves or dies, with special rules for home improvements or property annexation affecting the initial tax calculation.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for seniors via automatic credit application, reducing taxable burden for eligible residents aged 62+.90% confidence

Sub-Topics Property Tax Tax Credits Tags Seniors

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in committee · Missouri · House May 15, 2026

HB 2650: Reduces the assessment percentage of tangible personal property over a period of years

HB 2650 gradually eliminates property taxes on tangible personal property (like business equipment and furniture) in cities or counties that vote to do so. If approved by voters, the tax rate on this property decreases each year for five years: starting at 26.6% in year one, dropping to 19.9%, then 13.2%, 6.5%, and finally 0% from year five onward. Cities or counties may also choose to replace lost revenue with a local sales tax, but only if voters approve both the elimination and the sales tax. This directly affects local governments and businesses that own taxable tangible personal property within participating jurisdictions.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces business property tax rates over five years, providing tax relief for businesses and local governments seeking to offset revenue loss via voter-approved sales tax.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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in committee · Missouri · Senate Feb 5, 2026

SJR 113: Modifies provisions relating to property tax assessments

This constitutional amendment (SJR 113) changes how Missouri property taxes are calculated, primarily affecting homeowners and landowners. It limits annual increases for residential property (including rental homes) to the lesser of the consumer price index (inflation rate) or a 2% cap, preventing sudden tax jumps. The bill also reorganizes property classes: Class 1 (homes, farms, businesses) must use uniform tax percentages, while Class 3 (like commercial properties) is taxed based on annual yield with a maximum 8% limit. Exceptions allow higher increases for new construction or major improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesLimits residential property tax increases to 2% or CPI, preventing sudden jumps for homeowners - direct tax relief aligning with support indicators.95% confidence ✓ HousingSupports HousingCaps residential property tax increases at 2% or inflation, preventing sudden rent hikes for tenants and stabilizing housing costs for homeowners and landlords.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Missouri · House Feb 18, 2026

HB 2671: Modifies provisions governing the assessment and taxation of property

HB 2671 modifies how Missouri counties, school districts, and other local governments adjust property tax rates when property values change. It requires these entities to revise tax rates for each property subclass (like residential or commercial) to maintain the same total tax revenue from that class as the previous year, excluding new construction and improvements. The bill sets strict limits: tax rates cannot exceed the highest rate after 1980 unless voters approve a higher rate, and adjustments for inflation are capped at the Consumer Price Index or 5%, whichever is lower. This directly affects local governments responsible for property tax collection, ensuring revenue stability while preventing uncontrolled rate increases.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents excessive property tax rate increases without voter approval, promoting fiscal stability and accountability in local tax revenue management per bill's strict limits.90% confidence

Sub-Topics Property Tax Revenue

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