Boone County News Release

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Boone County Commission Adopts Senior Real Estate Tax Relief Program Policy

May 30, 2024 – On Thursday, the Boone County Commission voted to approve the Senior Real Estate Tax Relief Program, days after the Missouri General Assembly’s passage of Senate Bill 756, which provided clarity and some of the necessary statutory cleanup sought by counties in order to successfully implement the program.  The Boone County Senior Real Estate Tax Relief Program was established in response to enabling legislation from the Missouri General Assembly and voter approval of Boone County Proposition 1 on April 2, 2024. 

After voter approval of Proposition 1 in April, the Commission held four (4) public hearings across the County, welcoming input and taking questions about the proposed policy. On the final day of the 2024 legislative session, the Missouri General Assembly truly agreed and finally passed SB756, which was filed at the request of the Missouri Association of Counties to address key concerns about the program. Boone County becomes the first County in Missouri to adopt the senior property tax freeze following the passage of SB 756.  

The enabling legislation defines an eligible taxpayer as a Boone County, Missouri, resident who:

• Is sixty-two (62) years of age or older before January 1 of the initial credit year; and
• Is an owner of record of a homestead or has a legal or equitable interest in such property as evidenced by a written instrument; and
• Is liable for the payment of real property taxes on such homestead.

Eligible taxpayers who apply for and qualify for the Boone County Senior Real Estate Tax Relief Program will receive a credit equal to the difference between an eligible taxpayer's real property tax liability on such taxpayer's homestead for a given tax year and the real property tax liability on such homestead in the year that the taxpayer became an eligible taxpayer. For taxpayers eligible as of January 1, 2024, the credit will be calculated by using 2024 as the base tax year.  Any eligible credit amount would be applied to the 2025 real estate tax statement.

This program is voluntary. Eligible taxpayers will need to apply for the program in order to participate. The Senior Real Estate Tax Relief Program application will be available on July 1, 2024. Additional information about the program, including FAQs, will be available soon at www.ShowmeBoone.com.

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