Analysis: Property tax relief fades at Mo. Capitol
Mon, 31 Mar 2014 01:00:00 GMT —
Some lawmakers want to revive a Missouri program that funded property tax rebates for senior and disabled homeowners hit by rapidly rising property taxes.
But they're meeting more resistance than when the program was originally enacted a decade ago.
The tax rebate program created under a 2004 law used state funds to offset property tax hikes above a certain percent for the disabled and seniors with incomes of up to $70,000.
From the 2007 to 2011 fiscal years, the state budgeted $7.5 million for the program.
But it has since expired.
A Senate committee heard testimony this past week on bills to revive it. But some committee members are now questioning why the state should get involved in local property tax issues.