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SJR 75

Places limits on increases of the assessment of certain properties

2026 Regular Session Introduced by Barbara Washington

Missouri constitutional amendment proposing annual property tax assessment limits for specified property classes, reducing tax growth but potentially constraining municipal revenue.

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WeVote Research Nonpartisan
Bill Summary · SJR 75

Legislative bill overview

SJR 75 proposes a constitutional amendment that would limit how much property tax assessments can increase annually for certain classes of properties in Missouri. The bill restricts assessment growth, likely capping yearly increases at a fixed percentage or linking them to inflation rates. This requires voter approval through a referendum to amend the state constitution.

Why is this important

Property tax assessment limits directly affect homeowner tax bills and municipal funding. Homeowners benefit from predictable, capped tax increases, while local governments—which depend on property tax revenue for schools, infrastructure, and services—may face budget constraints if assessments grow slower than actual property values. This creates tension between taxpayer relief and public service funding.

Potential points of contention

  • Municipal revenue impact: Schools, counties, and cities relying on property tax revenue could face significant budget shortfalls if assessment growth is capped below actual market appreciation
  • Inequity concerns: Assessment caps may create situations where similarly valued properties pay vastly different taxes based on purchase timing, potentially disadvantaging newer homebuyers
  • Definition of "certain properties": The bill's scope is unclear—it may apply only to residential properties, agricultural land, or specific classifications, affecting which taxpayers benefit most

Compiled from official sources — confirm details with the bill’s official record.

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