MO SB919

Caps annual increases in residential property (subclass 1) assessed valuations at 15% since the last assessment, eliminating the previous requirement for physical inspections before increases exceeding that threshold

Creates a statewide property tax credit limiting real property tax liability increases to 2.5% annually or the Consumer Price Index increase (whichever is lower) from the 2024 base year for all Missouri residents

Freezes personal property tax liability on individual items at 2024 levels or the first year of ownership, with credits available for any increases above those amounts

Requires assessors to conduct in-person consultations with property owners (or document good-faith contact attempts) before reclassifying any real property

Expands the burden of proof requirement for computer-assisted property valuations to all counties statewide, requiring assessors to provide appraisal findings and sales data from at least three comparable properties within one mile