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Read. Follow. Verify.Missouri House Bill 2329 Reduces Tangible Personal Property Assessment Percentage Over Three Years
Last action · March 30, 2026: Reported Do Pass (H)Sponsor: Richard West
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What This Bill Would Do
Missouri HB 2329 reduces the assessment percentage of starting January 1, 2027, scaling it down by five and one-ninth percent each year until reaching eighteen percent in 2029 and subsequent years. The bill also establishes rules for motor vehicle valuation, property inspections, and payment methods for local collectors.
Property owners will see assessments gradually reduced to eighteen percent of true value by 2029, altering the basis for local personal property tax calculations across all Missouri counties and St. Louis.
- Tangible personal property taxes in Missouri are levied by local governments and assessed by county assessors based on statutory percentages set by state law. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
property owners
Property owners will experience a reduction in personal property assessment percentages over a three-year period starting in 2027.
county assessors
County assessors are required to calculate personal property assessments using the new reduced percentages and conduct physical inspections under specific valuation increases.
Key Facts
- Beginning January 1, 2027, the assessment percentage for tangible personal property will be reduced by five and one-ninth percent each year for a three-year period.
- For the calendar year 2027, tangible personal property will be assessed at twenty-eight and two-ninths percent of its true value.
- For the calendar year 2028, tangible personal property will be assessed at twenty-three and one-ninth percent of its true value.
- For the calendar year 2029 and subsequent years, tangible personal property will be assessed at eighteen percent of its true value.
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- For motor vehicles with a true value of less than fifty thousand dollars as of January 1, 2025, assessors shall not assess the vehicle for an amount greater than the previous year, provided it was properly assessed.
- Assessors must conduct a physical inspection before increasing the assessed valuation of residential real property (subclass 1) by more than fifteen percent since the last assessment.
- County or city collectors may accept credit cards and electronic funds transfers for property tax payments, passing along only the standard banking fee or surcharge.
- Counties or the City of St. Louis may opt out of certain assessment and tax rate provisions by an affirmative vote of the governing body prior to January first of any year.
Frequently Asked Questions
How will tangible personal property taxes change under HB 2329?
Can my car's assessed value increase arbitrarily from year to year?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
8 actions- Mar 30, 2026HouseCommitteeReported Do Pass (H)
- Feb 16, 2026HouseCommitteeVoted Do Pass (H)
- Feb 16, 2026HouseExecutive Session Completed (H)
- Feb 9, 2026HousePublic Hearing Completed (H)
- Jan 15, 2026HouseCommitteeReferred: Ways and Means(H)
- Jan 8, 2026HouseFloorRead Second Time (H)
Show 2 earlier actions
- Jan 7, 2026HouseIntroducedRead First Time (H)
- Dec 10, 2025HouseIntroducedPrefiled (H)
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Phased Reduction of Personal Property Assessment
HB 2329 systematically lowers the taxable percentage of tangible personal property down to 18 percent by 2029.
Connected Entities
Sources
house.mo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz35Current news / social attention level
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