HB 1870 -- Property Tax: Homestead Exemption
This bill creates the Missouri Homestead Preservation Act. The
act limits the increase of the assessed value of any real
property owned by a taxpayer who is 65 years of age or older to
the increase in the Consumer Price Index. The property must be
used as a homestead and the limitation does not include
improvements or new construction.
The bill will become effective January 1, 2001.
Missouri House of Representatives' Home Page
Last Updated October 5, 2000 at 11:35 am