Senate Bill 190 went into effect in Missouri on August 28, 2023. The law allows each county in the state to adopt an ordinance which will provide senior citizens with a tax credit on their residential tax bills. On September 18th, Jackson County passed Ordinance 5787 which, beginning in 2024, will impact residents age 62 or older with their residential property taxes. In a nutshell, a resident 62 or older whose primary residence is assessed at $550,000 or less, will not see an increase beyond their 2023 residential tax bill. If someone moves to a new residence, their residential tax bill would start over at that year’s assessment. Per the ordinance, homeowners who qualify for the tax credit will have a timeframe to notify the county if they would like to receive the tax credit. Since school districts receive residential tax revenues, the future financial impact to Fort Osage is unknown at this time. Comments are closed.
|
Archives
May 2022
Categories |