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Missouri HB 2416 modifies property assessment and taxation rules

Original title: TAXATION OF PROPERTY

Last action · May 15, 2026: Referred: Emerging Issues(H)Sponsor: Dean Van Schoiack

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Would Do

House Bill 2416 modifies state provisions governing property assessments, valuation methods for motor vehicles and real property, physical inspection rules for residential parcels, and county opt-out timelines.

Why it matters

Property owners face new valuation caps for vehicles under $50,000, mandatory physical inspection rules before certain residential tax increases, and updated procedures for county tax assessment maintenance plans.

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.

Directly affected

Property owners

Property owners are subject to new valuation caps on motor vehicles, mandatory physical inspection notification rules, and property assessment procedures.

Directly affected

County assessors

County assessors must follow updated assessment percentages, valuation guide requirements, and physical inspection mandates.

Key Facts

  • Assessors must annually assess personal property at thirty-three and one-third percent of its true value in money as of January first.
  • 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.
  • Before increasing the assessed valuation of residential real property by more than 15% since the last assessment, the assessor must conduct a physical inspection.
  • Property owners have at least thirty days to request an interior inspection when a physical inspection is required.
Show all 6 facts
  • Counties and cities may accept credit cards and electronic funds transfers for property tax payments, passing along applicable processing fees.
  • Before January 1, 2027, any county or city not within a county may opt out of specified property tax assessment provisions by an affirmative vote of its governing body.

Frequently Asked Questions

When is a physical inspection required before a property tax assessment increase?
An assessor must conduct a physical inspection before increasing the assessed valuation of residential real property by more than fifteen percent since the last assessment, excluding increases due to new construction or improvements.
How are motor vehicles valued for property tax purposes under the bill?
Assessors must use a nationally recognized automotive trade publication, such as NADA, Kelley Blue Book, or Edmunds, relying on the trade-in value published in the October issue.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

4 actions
  1. May 15, 2026HouseCommittee
    Referred: Emerging Issues(H)
  2. Jan 8, 2026HouseFloor
    Read Second Time (H)
  3. Jan 7, 2026HouseIntroduced
    Read First Time (H)
  4. Dec 15, 2025HouseIntroduced
    Prefiled (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

Connected Entities

Joseph Engler, Kelley Blue Book, State Tax Commission and 4 more
PersonJoseph Engler“Chief Clerk”Map →
OrganizationKelley Blue Book“Automotive trade publication used for motor vehicle valuations”Map →
OrganizationState Tax Commission“State agency overseeing tax assessment plans and motor vehicle publications”Map →
OrganizationEdmunds“Automotive trade publication used for motor vehicle valuations”Map →
OrganizationNational Automobile Dealers' Association Official Used Car Guide“Automotive trade publication used for motor vehicle valuations”Map →
PersonDean Van Schoiack“Representative introducing HB 2416”Map →
OrganizationAdministrative Hearing Commission“Body petitioned to resolve assessment maintenance plan disputes”Map →

Sources

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy25
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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