MO HB2709

Ballot measures seeking to add, change, or modify real property taxes must express the proposed change in terms of real dollars owed per $100,000 of market valuation

Political subdivisions must revise tax rates separately for each subclass of real property (residential, agricultural, commercial) and personal property to produce substantially the same revenue as the previous year, excluding new construction and improvements

Motor vehicles valued under $50,000 as of January 1, 2025 cannot be assessed at an amount greater than the previous year's assessment, provided the prior assessment was accurate

All voter-approved tax levy increases must be applied equally to each subclass of real and personal property

Eliminates the county opt-out provision that previously allowed counties to avoid calculating separate tax rates for different property subclasses, requiring all counties to use the multi-rate approach