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Missouri Senate sets aside bill to reduce residential property assessment percentage
Summary
Senate Bill 87, sponsored by Sen. Joe Nicola, would lower the assessment percentage for residential real property but was set aside after brief floor discussion; the measure follows changes enacted under Senate Bill 190 two years ago.
The Missouri Senate on Tuesday set aside Senate Bill 87, a proposal from Senator Joe Nicola of Grain Valley that would reduce the assessment percentage for residential real property.
Senator Joe Nicola of Grain Valley, the bill sponsor, told colleagues that "this legislation seeks to reduce the assessment percentage for a residential real property. So it is a property tax credit." He also said homes "would still continue to be assessed as regularly on 2 year cycles." The bill was placed aside for future consideration during the floor session.
The measure is being debated as part of a wider set of proposals addressing property taxes in the state. Senator Maggie Nirenburn of Kansas City, speaking during floor discussion, noted the fiscal trade-offs and asked what would replace related revenue, saying, "I think as soon as we pass something like this from the state, there is a tremendous amount of pressure to go through and pass this quickly." Floor leaders did not take a final vote; the transcript records only that Senate Bill 87 "has been set aside for future consideration."
Senate Bill 87 was described by senators as a follow-up to Senate Bill 190, which became law two years ago and made changes to rules relating to tax relief for seniors. Lawmakers on the floor characterized SB87 as one of multiple pending proposals concerning property taxes. No dollar figures, percentage reductions, or a timeline for further consideration were specified in the recorded remarks.
Reporting from the state capital, Dean Morgan.
