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Missouri House Bill 1892 establishes new property tax assessment rules for certain stationary utility and storage property

Original title: PROPERTY TAXES

Last action · February 17, 2026: Reported Do Pass (H)Sponsor: Wendy Hausman

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Would Do

Beginning January 1, 2027, certain stationary real property used for transporting or storing liquids and gases, such as water, sewage, and natural gas, must be assessed for property tax using a standardized 20-year depreciation schedule based on . Owners of this stationary property must report original cost and placement dates to local assessors annually by May 1. The measure also allows taxpayers to challenge estimated property values using appraisals or evidence of functional obsolescence.

Why it matters

Property owners of stationary liquid and gas storage and transportation infrastructure will be subject to a uniform 20-year depreciation schedule and new annual reporting requirements starting in 2027, affecting how local tax assessments are calculated.

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

Taxpayers owning stationary liquid and gas storage and transportation real property

Property owners must comply with annual reporting deadlines by May 1 and have their real property valued using a mandated 20-year depreciation schedule starting in 2027.

Directly affected

County assessors

Assessors must collect original cost and placement data from taxpayers and apply the standardized 20-year depreciation schedule to value stationary utility and storage real property.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What types of property are covered under the new 2027 assessment rules?
The rules apply to stationary real property used for the transportation or storage of liquid and gaseous products, including water, sewage, and natural gas (excluding propane, LP gas, and petroleum products).
When must taxpayers report property details to the assessor?
Taxpayers must provide the and the year the property was placed in service to the assessor on or before May 1 of the applicable tax year.
Can a taxpayer challenge the assessor's valuation estimate?
Yes, a taxpayer can disprove the estimate using substantial and persuasive evidence of true value, such as an appraisal report in accordance with the Uniform Standards of Professional Appraisal Practice, or proof of .

What else do you want to know?

News Coverage

Where This Stands

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

Procedural history

12 actions
  1. Feb 17, 2026HouseCommittee
    Reported Do Pass (H)
  2. Feb 16, 2026HouseCommittee
    Voted Do Pass (H)
  3. Feb 16, 2026House
    Executive Session Completed (H)
  4. Feb 5, 2026HouseCommittee
    Referred: Rules - Legislative(H)
  5. Jan 21, 2026HouseCommittee
    HCS Reported Do Pass (H)
  6. Jan 20, 2026HouseCommittee
    HCS Voted Do Pass (H)
Show 6 earlier actions
  1. Jan 20, 2026House
    Executive Session Completed (H)
  2. Jan 12, 2026House
    Public Hearing Completed (H)
  3. Jan 8, 2026HouseCommittee
    Referred: Ways and Means(H)
  4. Jan 8, 2026HouseFloor
    Read Second Time (H)
  5. Jan 7, 2026HouseIntroduced
    Read First Time (H)
  6. Dec 1, 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

State Tax Commission, General Assembly, Joint Committee on Tax Policy
OrganizationState Tax Commission“Assesses certain properties and oversees manuals and methodologies”Map →
OrganizationGeneral Assembly“Enacting body of the state of Missouri”Map →
OrganizationJoint Committee on Tax Policy“Receives periodic recommendations from the state tax commission”Map →

Sources

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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