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MO SJR36
Joint Resolution
Status
1/4/2012
Primary Sponsor
Luann Ridgeway
Click for details
AI Summary
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Submits to Missouri voters a constitutional amendment to article X establishing two new property tax provisions, with an election scheduled for Tuesday following the first Monday in November 2012
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Freezes property taxes on residential property (subclass 1 of class 1) owned by individual owners age 62 or older beginning January 1, 2013, capping taxes at the prior year's liability
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Caps property tax on all residential property subclasses at one-half of one percent (0.5%) of market value, effective January 1, 2013
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Requires voter approval for the constitutional amendment to take effect
Legislative Description
Caps the tax on real property and freezes the property taxes on individuals 62 years old or older
Last Action
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
1/5/2012