Missouri SJR73 proposes an amendment to the Missouri Constitution to establish the Missouri Homestead Act.
Missouri SJR73 proposes an amendment to the Missouri Constitution to establish the Missouri Homestead Act. This act would allow Missouri residents who own a homestead to claim an exemption from real property taxes if certain conditions are met. The exemption would be void if the taxpayer sells the property or notifies the county collector by September 1. The act also establishes the Homestead Preservation Fund to reimburse taxing jurisdictions for lost revenue due to the exemption. The fund would be used solely for this purpose and any remaining moneys would remain in the fund.
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