HB 1214 -- Homestead Property Tax Exemption for the Elderly

Sponsor:  Dusenberg

Beginning January 1, 2011, this bill exempts from real property
taxes the residential real property of an individual 75 years of
age or older whose federal adjusted gross income is $27,000 or
less for single taxpayers or $30,000 or less for married
taxpayers if the taxpayer has paid the property tax on the
homestead for the three prior years.  The income limits are
increased annually by the percentage of change in the federal
Consumer Price Index.  A taxpayer must file an application with
the Department of Revenue by September 30 each year to be
eligible for the exemption in the next tax year.  Any revenue
losses of political subdivisions, as determined by the State
Auditor, will be reimbursed by the state.

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

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:10 pm