Bill > HB2467

This bill authorizes counties in Missouri to create a property tax exemption for homeowners who are 62 years of age or older, allowing them to be fully exempt from paying property taxes on their primary residence and adjacent property. Under the proposed legislation, an "eligible owner" is defined as someone who has reached 62 by January 1st of the tax year, owns or has a legal interest in the residential property, and is responsible for paying property taxes on that homestead. If a county chooses to adopt this exemption, beginning in January 2027, qualifying homeowners would be completely relieved of property tax obligations on their primary residence. However, the bill includes important restrictions: the tax exemption cannot be transferred or assigned, and recipients cannot simultaneously claim other property tax relief or credits. The exemption would also not impact the process of setting tax rates for counties. This legislation provides local governments with the option to offer significant tax relief to older homeowners while maintaining flexibility for individual county decisions.

https://house.mo.gov/Bill.aspx?bill=HB2467&year=2026&code=R