Missouri House special committee reviews two property tax bills, vote on three
A Missouri House special committee on taxes will hear two bills on Wednesday, and lawmakers will vote on three others.
The Special Committee on Property Tax Reform, led by Rep. Brad Christ, R-St. Louis, will hear a bill that would reduce the percentage of assessments and another bill that would change the assessment process. Both bills are sponsored by Rep. Aaron McMullen, R-Independence, and the committee vice chairman.
The three bills up for a vote would change the tax credit for senior citizens and disabled veterans, make the most recent purchase price the value of real property for a tax assessment, and ask voters to link property tax increases to the lesser of the consumer price index or up to 2%.
The committee will hear testimony on House Bill 1831, which would reduce the rate of residential property tax assessment from 19% to 15% and cut the rate of utility, industrial, commercial, railroad and other property not considered residential or agricultural from 32% to 15%…