HJR 57 -- Property Tax Revenue

Sponsor:  Muschany

Upon voter approval, this proposed constitutional amendment caps
the increase in assessed valuation for any individual parcel of
property at 5% for any reassessment period, unless the property
is transferred, and limits the collection of property tax revenue
to the amount of revenue collected in the immediately preceding
year, adjusted by the federal Consumer Price Index.  If the gross
amount of revenue collected exceeds the inflation-adjusted value,
the tax levy is required to be reduced to yield an amount no
greater than the adjusted amount.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm