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MO HB1800

Bill

Official Source

Status

Engrossed

3/9/2026

Primary Sponsor

Mark Matthiesen

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Reduces the cap on inflationary assessment growth from 5% to 3% for property tax levy revisions occurring on or after January 1, 2027
  • Establishes new "assessment value" definitions: buildings valued using replacement cost approach, non-agricultural land valued by market, and agricultural land valued by productive capability
  • Requires the State Tax Commission to use ratio studies with specific statistical thresholds (weighted median ratio, coefficient of dispersion, 95% confidence intervals) to determine whether property classes are over- or under-valued
  • Removes references to "excess home dock city or county fees" from tax revenue calculations for school districts and counties levying sales taxes

Legislative Description

Changes the percentage of the cap on the inflationary growth factor for the assessment growth of real or personal property occurring within a political subdivision, defines assessment value, and adds provisions related to the sales ratio studies performed by the State Tax Commission

Last Action

Reported to the Senate and First Read (S)

3/9/2026

Committee Referrals

Fiscal Review3/5/2026
Rules - Legislative1/29/2026
Special Committee on Tax Reform1/8/2026

Full Bill Text

No bill text available