MO SJR70

Proposes a constitutional amendment to freeze property tax assessments for owner-occupied primary residences at their most recent assessed value, beginning January 1, 2027

Assessed valuations would remain locked as long as the current owner continues to own the property, preventing increases during reassessment cycles

Properties that are purchased, newly constructed, or undergo ownership changes would be reassessed at true market value, after which the new assessment would be frozen for the new owner

Allows assessment increases only to reflect value added from new construction or improvements to the property

Requires voter approval at the November 2026 general election or a special election called by the governor to amend Article X, Section 4(b) of the Missouri Constitution