Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Missouri Senate sets aside bill to lower residential property assessment percentage
Summary
Senate Bill 87, sponsored by Senator Joe Nicola, would reduce the assessment percentage for residential real property but was set aside for future consideration amid questions about revenue replacement and pressure to act quickly.
On Tuesday the Missouri Senate set aside Senate Bill 87, a proposal from Senator Joe Nicola of Grain Valley that would reduce the assessment percentage applied to residential real property.
The bill’s sponsor, Senator Joe Nicola of Grain Valley, told the chamber the legislation “seeks to reduce the assessment percentage for a residential real property,” effectively creating a form of property tax relief. Nicola said homes would continue to be assessed on two-year cycles.
Senator Maggie Nirenburn of Kansas City framed the measure as a follow-up to an earlier change to tax law, noting that “Senate Bill 87 is a follow-up to Senate Bill 190, which became law two years ago and made changes to certain rules relating to tax relief for seniors.” Nirenburn said she wondered what would replace the lost revenue if the assessment percentage were reduced.
An unnamed senator cautioned about the political momentum around such measures, 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.”
Senate Bill 87 was described on the floor as one of multiple proposals relating to property taxes in Missouri. The measure was set aside for future consideration; no final vote was recorded. Senate floor discussion occurred as lawmakers approached the halfway point of the legislative session, with roughly two and a half months remaining, according to remarks on the floor.
Reporting from the state capital, Dean Morgan.
