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June 30 is the deadline for seniors to apply for a personal property tax credit.
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Questions about the constitutionality of a property tax cap included in the governor’s stadium funding plan earlier this month may draw Missouri lawmakers back into session later this year.
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The formula that funds public schools in the state relies on outdated assumptions of local aid, education officials say.
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The program aims to help fixed-income seniors keep their homes in an inflating market by freezing their property taxes.
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Property tax freeze for residents 62-plus likely to hit local education funding.
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Both bills now proceed to the Senate.
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‘Attorney General Bailey dismissed a case that he himself called the most important in the history of his office,’ says Jackson County Executive Frank White Jr.
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The freeze applies to seniors 62 and older.
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The bill has yet to be signed by Gov. Mike Parson, but counties are hoping the legislation will provide clarity on how to lock in property tax rates for older homeowners.
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The Missouri Legislature approved a bill that allows counties to freeze property taxes for those 62 years old and older.