Bill > HB3125

This bill authorizes a real property tax exemption for individuals who are sixty-five years of age or older and own a homestead, which is defined as their primary residence and any adjacent property reasonably necessary for its use as a home. To qualify, the individual must be the owner of record or have a legal or equitable interest in the property, and be responsible for paying the real property taxes on it. This exemption, effective for tax years beginning on or after January 1, 2027, is in addition to other existing exemptions and is intended to provide tax relief to senior homeowners. However, the exemption cannot be transferred or assigned, and recipients will not be eligible for other property tax relief programs or credits under chapters 135 and 137 of Missouri law related to their homestead. The state will reimburse political subdivisions for any lost revenue due to this exemption, and the provision is not subject to sunset review.

https://house.mo.gov/Bill.aspx?bill=HB3125&year=2026&code=R