Bill > HB700

This bill establishes the "Missouri Disabled Veterans Homestead Exemption", which provides property tax relief for disabled veterans and their surviving spouses. Starting January 1, 2026, veterans with service-connected disabilities can receive annual property tax exemptions based on their disability rating: $2,500 for disabilities between 30-49%, $5,000 for disabilities between 50-69%, and 100% exemption for disabilities of 70% or more. Surviving spouses of veterans whose death was service-connected can also receive a 100% property tax exemption, which continues as long as they do not remarry and continue to own and reside in the qualified residence. A "qualified residence" is defined as a primary residence with an assessed value under $250,000, and veterans must have an honorable discharge and be Missouri residents. Most veterans will need to reapply annually for the exemption, except those with a 100% permanent and total disability rating. The exemption is transferable to a new primary residence if the surviving spouse sells the original property. The bill includes provisions for prorating the exemption and includes a sunset clause that will automatically terminate the program after six years unless reauthorized by the state legislature.

https://house.mo.gov/Bill.aspx?bill=HB700&year=2025&code=R