HB 455 -- Homestead Property Relief for the Elderly

Sponsor:  Kraus

Beginning January 1, 2008, this bill exempts the residential
property of an individual 65 years of age or older whose total
household federal adjusted gross income is less than 200% of the
federal poverty guidelines 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 11:19 am