HB 1045 -- Property Assessment Limit for the Elderly and Disabled

Sponsor:  Nolte

Beginning January 1, 2010, this bill limits the increase in
assessed valuation of residential property to the percentage of
increase in Social Security benefits in the previous year for an
individual who is 65 years of age or older or who is disabled,
has a federal adjusted gross income of less than $72,380, and
owns and lives in his or her principal residence.  The maximum
income limit will increase by the same incremental increase in
the general price level as specified in the Missouri
Constitution.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am