Missouri legislation · 2026 Regular Session
Missouri SJR111: Modifies provisions relating to property taxes
Status: In committee, May 15, 2026
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
What the bill says
From the introduced text:
SECOND REGULAR SESSION SENATE JOINT RESOLUTION NO. 103RD GENERA L ASSEMBLY INTRODUCED BY SENATOR HUDSON. 6511S.01I KRISTINA MARTIN, Secretary JOINT RESOLUTION Submitting to the qualified voters of Missouri, an amendment repealing sections 11(g) and 22 of article X of the Constitution of Missouri, and adopting two new sections in lieu thereof relating to taxation of real property. Be it resolved by the Senate, the House of Representatives concurring therein: That at the next general election to be held in the state of Missouri, on Tuesday next following the first Monday in November, 2026, or at a special election to be called by the governor for that purpose, there is hereby submitted to the qualified voters of this state, for adoption or rejection, the following amendment to article X of the Constitution of the state of Missouri: Section A. Sections 11(g) and 22, article X, Constitution of Missouri, are repealed and two new sections adopted in lieu thereof, to be known as sections 11(g) and 22, to read as follows: Section 11(g). 1. The school board of any school district whose operating levy for school purposes for the 1995 tax year was established pursuant to a federal court order may establish the operating levy for school purposes for the district at a rate that is lower than the courtordered rate for …