HB 1244 -- Property Assessment Limit for the Elderly and Disabled

Sponsor:  Nolte

Beginning January 1, 2008, this bill limits the increase in
assessed valuation of residential property to the percentage of
increase in Social Security benefits for an individual who is 65
years of age or older or who is disabled, has an annual income of
less than $72,380, and owns and lives in his or her principal
residence.  The maximum income limit will increase by the same
incremental increase as the general price level as specified in
the Missouri Constitution.

The provisions of the bill will expire six years from the
effective date.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am