HB 229 -- Homestead Property Tax Exemption

Sponsor:  Portwood

This bill makes changes to the application procedures for the
Missouri Homestead Preservation Act for the elderly and disabled.
The percentage limit for applications filed in 2005 and 2006 is
based on the increase to tax liability from 2004 to 2005; and the
limit for applications filed after 2006 is based on the increase
to tax liability from the two years prior to the application to
the year immediately prior to the application.  The county
assessors must provide a list to the Department of Revenue of
verified eligible homeowners who made improvements to their
homesteads and the dollar amount of the assessed value of the
improvements by January 15 each year.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm