Summary of the Introduced Bill

HB 806 -- Property Tax Homestead Exemption

Sponsor:  Selby

This bill authorizes a homestead exemption for purposes of real
property taxation for all taxpayers 62 years of age or older.

The bill freezes the assessed valuation on any residence owned by
qualified taxpayers if the residence has been used as a principal
residence for three or more of the previous years.

The state will be required to reimburse the losses of any
political subdivision as the result of the homestead exemption
through appropriation based on regulations established by the
State Auditor.

The bill has an effective date of January 1, 2005.

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:13 am