Authorizes a real property tax exemption for taxpayers sixty-five years of age or older who own a homestead

Summary

The bill would exempt from real‑property tax the primary residence (and necessary adjacent land) of any Missouri resident who is 65 or older and owns the home. The exemption would start for tax years beginning Jan. 1, 2027, and could not be combined with other property‑tax relief programs. The state would reimburse local governments for the lost tax revenue.

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