SS/SCS/SJR 111 - Current constitutional provisions require taxing jurisdictions to reduce property tax levies when the total assessed value of property in the taxing jurisdiction increases by more than the percent increase in inflation, with an exception made for levies imposed for the payment of principal and interest on bonds or other indebtedness. This constitutional amendment, if approved by the voters, removes the exemption for debt service levies. The amendment also provides that, beginning January 1 following the effective date of the amendment, taxing jurisdictions shall calculate levies for each subclass of real property, and shall reduce the levy for any such class if the assessed valuation for such class increases over the previous year, as provided in the amendment. Additionally, this amendment requires the value of new construction and improvements to be included in the calculation of total assessed valuation for the purpose of calculating property tax levies. (Section 22) This amendment is substantially similar to HJR 148 (2026). JOSH NORBERG

2026 Regular Session Introduced by Brad Hudson

Missouri SJR 111 modifies real property tax provisions, currently under committee review with unspecified impacts on tax burdens and local government revenue.

Informal Calendar S Bills for Perfection

Legislative bill overview

SJR 111 is a Missouri bill that modifies provisions related to real property taxes, though the specific modifications are not detailed in the available information. The bill is currently in committee review, having passed first reading in January 2026 and been referred to the Senate Select Committee on Property Taxes and the State Tax Commission Committee.

Why is this important

Property tax policy directly affects homeowners, renters, businesses, and local government funding for schools, infrastructure, and services. Changes to real property tax provisions can influence housing affordability, property values, tax burdens on different classes of property owners, and the revenue available to counties and municipalities.

Potential points of contention

Revenue impact on local governments - Modifications to property tax provisions may reduce funding for schools, counties, and municipalities that depend on property tax revenue

Tax burden redistribution - Changes could shift the tax burden between residential and commercial properties, or between different income levels

Implementation complexity - New tax provisions may require significant administrative changes and create compliance challenges for assessors and taxpayers