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Bill Summary · HJR 112

Bill overview

  • bill type: Joint Resolution proposing a constitutional amendment
  • jurisdiction: Missouri
  • session: 2026
  • title: Proposes a constitutional amendment relating to residential real property tax assessments
  • status: Referred to Emerging Issues (H) on May 15, 2026
  • sponsor: Co-sponsor Jeff Coleman

Purpose and intent

  • The resolution proposes a constitutional change to govern how residential real property tax assessments are determined, with the aim of altering procedures, standards, or protections related to assessing residential property values for tax purposes.
  • As a joint resolution, it would need to be approved by both chambers and, if adopted, presented to voters for ratification to become effective.

Key provisions and changes (anticipated areas)

Note: The exact text of HJR 112 is not provided here, but typical elements in a residential real property tax assessment amendment could include:
- Modification of assessment methodology: shifting how residential property values are calculated (e.g., assessment ratio, use of market value, or standardized valuation methods).
- Assessment date and frequency: changes to when assessments occur (e.g., annual vs. biennial) or the date used as the assessment snapshot.
- Protections for homeowners: caps, exemptions, or limitations on increases in assessed value (e.g., ceilings on year-to-year increases or hardship protections).
- Republican or Democratic-era framework: potential alignment with property tax reform groups or fiscal policy priorities (e.g., predictability of tax bills, avoidance of sudden tax spikes).
- Administration and oversight: provisions authorizing a state or local role in implementing the amendment, including an authority for registries, boards, or commissions.
- Implementation timeline: any phased approach, transition period, or effective date upon voter approval.

Because HJR 112 is a constitutional amendment proposal, the detailed mechanics, thresholds, and operational rules would be specified in the amendment text and related implementing statutes if passed.

Who would be affected

  • Residential property owners: primary impact would be on real property assessments and resulting tax bills; homeowners could see changes in assessed values, tax volatility, or protections against rapid increases.
  • Local assessors and tax authorities: would implement any new assessment standards, schedules, or caps; may require administrative changes, training, and systems updates.
  • Homebuyers and sellers: potential changes to how property value is assessed could influence market transparency and the frequency/amount of tax adjustments.
  • State policymakers: future legislative actions might be needed to align statutes with the constitutional amendment and regulate implementation.

Procedural and timeline considerations

  • Legislative path: As of the action history, the bill was referred to the Emerging Issues (H) committee on May 15, 2026. It previously advanced through readings in January 2026 and was prefiled in December 2025.
  • Amendment process: If the House and Senate approve the joint resolution, it would go to statewide voters for ratification in a general or special election, depending on timing and state constitutional provisions.
  • Interim steps: committee of reference and potential subcommittee work could produce amendments or refinements before a floor vote.

Potential implications to monitor

  • Tax predictability vs. revenue impact: the amendment could aim to stabilize homeowner tax bills but might affect local tax revenues and funding for services.
  • Equity considerations: changes in assessment could impact different homeowner groups differently (e.g., long-term residents vs. new buyers, property value tiers).
  • Local government planning: impact on budgeting, bond issuance, and funding for local programs dependent on property tax.

If you have access to the text of HJR 112, I can provide a more precise, line-by-line summary of the exact provisions and any fiscal notes or statutory references accompanying the amendment.

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

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