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July 15, 2025 |
By: Gavin McGough
Capping property value increases in Senate Bill 3 is being challenged
Annelise Hanshaw / Missouri Independent
Local governments and school districts across Missouri are tracking the fallout of a provision included in Senate Bill 3 from the Sepcial Legislative Session held in June.
SB 3 is commonly known as the stadium bill and is technically now a law, as Govenror Kehoe signed it earlier this month.
The main portion of the law lays out a tax incentive program for sports stadiums in the state, as Missouri tries to keep the Chiefs and the Royals on this side of the Kansas City stateline.
A last minute addition to the bill creates a method for voters in the state to cap property value increases to 5 percent annually.
The majority of counties, including Nodaway, are now eligible to put a cap on value growth on the ballot. The provision was added in order to appease fiscal conservatives in the state legislature.
While capping value increases would limit the growth of property tax collections, potentially saving money for property owners, it would be a blow to school districts, townships, and other sepcial taxing districts who depend on property taxes for revenue.
According to the Missouri Independent, the legislation is being challenged in the courts.
JEFFERSON CITY, Mo. – The Missouri House of Representatives has announced the schedule for a series of informational hearings to be held across the state by the Special Interim Committee on Property Tax Reform.
These hearings are part of the committee’s ongoing work to examine Missouri’s property tax system and recommend solutions that promote fairness, transparency, and sustainability.
Rep. Tim Taylor, chairman of the committee, encourages all Missourians to attend and share their perspectives.
“We look forward to hearing directly from citizens, local officials, and stakeholders about how we can improve the property tax system to serve Missourians better,” Taylor, R-Bunceton, said. “The goal of this committee is to work together to find common-sense reforms and solutions that protect homeowners, promote economic stability, and ensure accountability to benefit all citizens of our state.”
