HB 2091 -- Homestead Property Tax Relief for the Elderly

Sponsor:  Frame

This bill exempts the residential property of an individual 62
years of age or older who has owned and paid property taxes on
his or her homestead for at least three years from increases in
assessed valuation that are not from new construction or
improvements.  The property will also be exempt from tax rate
increases until the owner moves, sells the homestead property, or
fails to notify the county assessor of his or her continued
eligibility.  Any revenue losses to political subdivisions, as
determined by the State Auditor, will be reimbursed by the state.

The bill becomes effective January 1, 2011.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:12 pm