MO HJR82

Submits to voters at the November 2014 general election (or special election called by the governor) a constitutional amendment to repeal and replace section 4(b) of article X of the Missouri Constitution regarding property taxation

Maintains existing property tax classes and assessment percentages, with class 1 property subclassed into residential, agricultural/horticultural, and utility/industrial/commercial categories, each capped at 33⅓ percent of true value

Authorizes a pilot program in no more than three cities to develop plans for implementing land value taxation by further dividing class 1 property into two additional subclasses: land exclusive of buildings and buildings on land, with differentiated tax rates applied to each

Requires the state tax commission to establish an application procedure and selection criteria for the pilot program, and requires each selected city to form a committee to prepare an implementation plan including differentiated tax rate procedures, geographic application areas, and identification of legal/administrative issues

Allows the general assembly to modify any approved plan through legislation and directs the state tax commission to approve plans that meet the established criteria, with approved plans taking effect January 1 following the year of approval