MO SJR73

Proposes a constitutional amendment allowing Missouri homeowners to claim a permanent property tax exemption on their primary residence by paying five years of property taxes upfront, provided the home has no mortgage and the owner has no delinquent taxes

Requires voters to approve the amendment at the November 2026 general election or a special election called by the governor

Creates the Homestead Preservation Fund to reimburse local taxing jurisdictions for lost revenue, funded by a new 0.1% state sales tax and 0.1% use tax

Exemption remains in effect for as long as the taxpayer owns the homestead but becomes void if the property is sold or no longer used as a primary residence

Preserves homeowner rights to possess, use, and convey the property while maintaining local government authority to enforce land-use, building, and public safety codes