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Read. Follow. Verify.Missouri bill requires gradual reduction of personal property tax assessment percentages and state reimbursement for revenue losses
Last action · January 8, 2026: Second Read and Referred S Select Committee on Property Taxes and the State Tax CommissionSponsor: Rick Brattin
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What This Bill Would Do
Beginning January 1, 2027, s must annually reduce the percentage at which personal property is assessed so that resulting revenue reductions match real property assessment growth, with annual reductions continuing until December 31, 2075. Subject to appropriations, political subdivisions experiencing revenue shortfalls due to these reductions are eligible for state reimbursement. The measure also maintains a 33.3% assessment rate for personal property under Article III, Section 38(b) of the Missouri Constitution and sets guidelines for real property assessments, motor vehicle valuations, and physical inspections.
Property owners face changes in how personal property assessment percentages decrease annually through 2075, while s may receive state reimbursement for revenue shortfalls depending on annual appropriations.
- Current Missouri law requires personal property to be assessed at 33.3% of its true value in money. context
- SB 857 was introduced in the Missouri Senate during the 2026 legislative session by Senator Rick Brattin. 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.
political subdivisions
Political subdivisions must annually reduce personal property assessment percentages and may qualify for state reimbursement for revenue shortfalls subject to appropriations.
taxpayers
Taxpayers experience modified personal property assessment percentages and valuation caps on motor vehicles valued under fifty thousand dollars.
county assessors
Assessors must calculate adjusted personal property assessment percentages, submit two-year maintenance plans, and conduct physical inspections before increasing certain real property valuations by more than fifteen percent.
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 changes for personal property assessment starting in 2027?
Will local governments be reimbursed if their property tax revenues drop?
Are motor vehicle assessments capped?
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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
3 actions- Jan 8, 2026SenateFloorSecond Read and Referred S Select Committee on Property Taxes and the State Tax Commission
- Jan 7, 2026SenateIntroducedS First Read
- Dec 1, 2025SenatePrefiled
Version history
Only one version on file - nothing to compare yet. The text on record is the 5186S.01I - Introduced version. 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.
Multi-Decade Personal Property Tax Reduction
The bill mandates annual reductions in personal property assessment percentages tied to real property growth over a nearly 50-year period ending in 2075.
Connected Entities
Sources
www.senate.mo.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy60Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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