advertisement

Blunt signing property tax relief bill

Tuesday, July 1, 2008 | 11:33 a.m. CDT; updated 2:42 p.m. CDT, Tuesday, July 22, 2008

JEFFERSON CITY — Gov. Matt Blunt is signing legislation intended to provide relief from sharp property tax increases.

The legislation closes what some critics call a loophole in Missouri’s property tax system.

The state constitution already says local governments are to reduce their maximum allowed property tax rates when assessed property values rise by more than inflation.

But some governments have gotten around the rollback requirement by voluntarily setting their tax rates below their maximum-allowed level.

The legislation will require tax rate reductions when assessed property values rise significantly — even if tax rates already are below their maximum.

The bill also increases the income tax breaks available to low-income elderly and disabled homeowners. It also caps state fees charged to bulk buyers of vehicle and driver’s license records.


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements