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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.
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The measure will benefit some lower to moderate-income seniors. The next step is developing a clear policy.
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Under the law, Missouri counties can decide whether to enact a property tax freeze for seniors. St. Louis and St. Charles counties, along with the City of St. Louis, have already taken advantage of the law.
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Residents are likely to see an increase in their property tax bills this tax season when the bills start arriving Dec. 1.
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Rep. Cheri Toalson-Reisch, R-Hallsville, is pushing an initiative petition to get the freeze on the 2024 ballot in August.
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By most indicators, Columbia is a thriving city. It ranks high on several “best small places” lists. The unemployment rate is pretty low – 3.7% in 2013.…
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Some lawmakers want to revive a Missouri program that funded property tax rebates for senior and disabled homeowners hit by rapidly rising property…
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Just over a week after introducing the idea of a new property tax to fund the hire of 35 new police officers in Columbia, Mayor Bob McDavid has decided…