Authorizes counties to adopt a real property tax exemption for taxpayers sixty-two years of age and older who own a homestead

2026 Regular Session Introduced by Mike Jones

Allows counties to grant a real property tax exemption for homeowners 62+ who own and occupy their home, letting each county set rules and amounts.

Referred: Emerging Issues(H)

#elderly #housing #property #realandpersonal #taxcredits #taxationandrevenue-property

Summary of HB 2467 (2026, Missouri)

Purpose and intent

HB 2467 authorizes Missouri counties to adopt a real property tax exemption for homeowners who meet age and ownership criteria. The bill aims to provide targeted property tax relief to seniors by allowing counties to establish a homestead exemption for taxpayers who are at least 62 years old and who own and occupy their home as a primary residence.

Key provisions and changes

Authority granted to counties: Counties would have the option to adopt a real property tax exemption program. The bill does not mandate adoption; rather, it authorizes counties to implement the exemption if they choose.

Eligibility criteria (as specified in the bill):

The applicant must be 62 years of age or older.
The applicant must own a homestead (primary residence) within the county.

Scope of exemption (to be defined by counties): While the bill authorizes the exemption, it does not prescribe a uniform exemption amount or percentage. Counties implementing the exemption would determine the specific exemption rate or dollar amount, subject to any state guidance or subsequent statutory rules.

Interaction with existing property tax systems: The exemption would function within the current real property tax framework, potentially reducing the taxable value of the qualifying homestead or providing a direct exemption, as determined by how the county implements the measure.

Administrative considerations: Counties adopting the exemption would need to establish application processes, eligibility verification, and any sunset or renewal provisions consistent with local fiscal planning.

Affected entities and potential impact

Primary beneficiaries: Individual homeowners aged 62 and older who own and reside in a qualifying homestead within a participating county.

Local government effect: Participating counties could experience reduced property tax revenues from exempted or reduced-tax parcels. Counties would need to assess budgetary impacts and potential shifts in revenue, possibly compensated through state aid, other offsets, or tax base adjustments.

Tax administration: County assessors and clerks would implement eligibility screening, application processing, and annual certification of exemptions.

Procedural and timeline aspects

Referral history: Referred to Emerging Issues (H) on May 15, 2026.

Read actions:

Read Second Time in the House on January 8, 2026.
Read First Time in the House on January 7, 2026.
Prefiled in the House on December 16, 2025.

Legislative status: As of the action history, the bill is in committee review with potential for amendment and passage before the legislative session concludes, depending on committee deliberations and floor votes.

Co-sponsor: Mike Jones (principal sponsor noted as co-sponsor).

Notes for readers

The bill provides a framework enabling counties to tailor senior property tax relief without mandating a statewide exemption. The exact impact—revenue effect, eligibility details beyond age and ownership, and administrative requirements—would hinge on each county’s adoption and final language.

If enacted, counties choosing to participate should publish implementing guidelines, application deadlines, and any required documentation to maximize transparency and equitable access for eligible seniors.