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Committee hears HJR 4 to cap annual residential assessment increases at 2%
Summary
Representative Jeff Coleman presented HJR 4 to the House Ways and Means Committee, proposing to cap annual increases in assessed value for owner‑occupied residences at 2% per year (4% per two‑year reassessment cycle), except for new construction.
Representative Jeff Coleman, sponsor of HJR 4, presented the resolution to the Missouri House Ways and Means Committee, saying the measure would cap annual increases in assessed value for owner‑occupied residential property at 2% per year (4% per two‑year reassessment cycle) or inflation, whichever is less, while allowing reassessment above that level only for new construction.
Coleman said he first began work on the proposal as a freshman legislator and framed the plan as a response to repeated public testimony in interim hearings: "some of them that are so upset, they're crying because they don't know what they're gonna do because they're afraid they're gonna lose their home," he said, arguing the cap would give constituents more predictability.
Supporters in the hearing, including Dennis Ganahl of Tax…
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