HB 1962 -- Homestead Exemption for the Elderly and Disabled in St. Louis County Sponsor: Fraser Beginning January 1, 2007, this bill authorizes an exemption in St. Louis County for any increases in assessed valuation of a homestead owned at least five years by a taxpayer who is 65 years of age or older or is disabled and has a household income of $70,000 or less in the year before the first year of the claimed exemption.Copyright (c) Missouri House of Representatives