HB 2058 -- Homestead Property Tax Relief

Sponsor:  Frame

Beginning January 1, 2007, this bill exempts residential property
of individuals 62 years of age or older who have owned and paid
property taxes on their homestead for at least three years from
increases in assessed valuation that are not from new
construction or improvements and from tax rate increases until
the owner moves, sells the homestead property, or fails to notify
the county assessor of their continued eligibility.  Any revenue
losses of political subdivisions, as determined by the State
Auditor, will be reimbursed by the state.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:45 am