HB 2071 -- Limitation on Assessed Valuation

Sponsor:  Casey

Beginning January 1, 2009, this bill freezes the assessed
valuation of residential property for taxpayers 62 years of age
or older who own and have lived in their principal residence for
at least three years until the owner moves, sells the property,
or fails to notify the assessor of continued eligibility.  The
state will reimburse the political subdivisions based on the
State Auditor's determination of lost revenue from the limitation
on assessed valuation.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm