Homestead Preservation Act

Whom to Contact
For more information on Property Tax Relief, please call the Homestead Preservation Credit Call Center at (573) 751-3505.

Background
The Homestead Preservation Act allows qualified senior citizens and 100 percent disabled individuals to apply for a credit on their real estate property tax, if those taxes increase more than 2 1/2 percent in a non-reassessment year or five percent in a reassessment year. The credit would be for the amount that exceeds the 2 1/2 or five percent increase.

The act requires a legislative appropriation to fund the credit. If funding for the credit is less than 100 percent, the credit will be a flat statewide percentage based on the appropriated amount. This credit will be applied against the taxes for the following year.

Qualifications
  • The applicant must be age 65 or older, or 100 percent disabled
    • If married, at least one must be 65 or older and the other at least 60
  • The federal adjusted gross income cannot exceed $72,380 for the year
  • All real estate taxes must have been paid for the current year and the previous two years
  • The property (your home and up to five acres) must be owned and occupied by the claimant
  • The applicant cannot file for Missouri Property Tax Credit (MO-PTC) for the same tax period
Important Dates
Date Explanation
January 15 County Collector sends a list to the Department of Revenue of owners who failed to pay current taxes
January 31 Department of Revenue calculates necessary appropriation and sends to the Speaker of the House of Representatives, the President Pro Tempore of the Senate, and the Director of the Office of Budget and Planning in the Office of Administration
April 1 to October 15 Application period
July 31 Credit limit is set based on funding (amount of credit depends on the amount appropriated)
August 31 Department of Revenue sends a list of eligible owners and amount of credit to county collectors
October to November Credit is reflected on approved applicants' tax bills
October 1 Funds are deposited with collectors
December 15 Department of Revenue sends list of verified owners to County Collectors