Missouri legislation · 2026 Regular Session
Missouri HB3125: Authorizes a real property tax exemption for taxpayers sixty-five years of age or older who own a homestead
Status: In committee, May 15, 2026
What the bill says
To amend chapter 137, RSMo, by adding thereto one new section relating to real property tax exemptions. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.1062, to read as follows: 137.1062. 1. As used in this section, the following terms mean: (1) "Eligible owner", an individual who: (a) Has reached sixty-five years of age as of January first of the year for which an exemption is granted under this section; (b) Is the owner of record of the residential real property used as a homestead or has a legal or equitable interest in the residential.
From the introduced text:
To amend chapter 137, RSMo, by adding thereto one new section relating to real property tax exemptions. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.1062, to read as follows: 137.1062. 1. As used in this section, the following terms mean: (1) "Eligible owner", an individual who: (a) Has reached sixty-five years of age as of January first of the year for which an exemption is granted under this section; (b) Is the owner of record of the residential real property used as a homestead or has a legal or equitable interest in the residential real property used as a homestead as evidenced by a written instrument; and (c) Is liable for the payment of real property taxes on the residential real property used as a homestead; (2) "Homestead", the residential real property that is used as a primary residence and the adjacent real property as is reasonably necessary for use of the residence as a home dwelling. 2. In addition to all other exemptions authorized under Article X, Section 6 of the Constitution of Missouri or otherwise authorized by law, and as authorized under Article X, Section 6(a) of the Constitution of Missouri, for all tax years beginning on or after January 1, 2027, a homestead owned by an …
Sponsors
- Deanna Self (R, 064) · primary sponsor