HB 359 -- Homestead Property Tax Relief

Sponsor:  Frame

Beginning January 1, 2009, 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 and 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 of political subdivisions, as determined by
the State Auditor, will be reimbursed by the state.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am