Bill > HB2306

This bill establishes the "Missouri Disabled Veterans' Homestead Exemption," which provides property tax exemptions for disabled veterans and their surviving spouses based on their disability rating. The exemption applies to a primary residence and up to five acres of surrounding land, starting from tax years beginning January 1, 2027. Disabled veterans with service-connected disabilities of at least 30% can claim exemptions ranging from $10,000 to $500,000 of assessed property value, depending on their disability rating (30-100%). To qualify, veterans must be Missouri residents with an honorable discharge and own the property. The exemption can be transferred to a surviving spouse who continues to own and reside in the home, as long as they do not remarry. Veterans who move into licensed care facilities can still maintain the exemption if their spouse continues to occupy the home or if the property remains unoccupied. To claim the exemption, veterans or surviving spouses must submit an annual application by April 1st, including documentation of disability rating and property ownership. The state tax commission will oversee the program's implementation, and local governing bodies can establish additional procedures for administering the exemption.

Military Affairs and Security

https://house.mo.gov/Bill.aspx?bill=HB2306&year=2026&code=R