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

HB 2467 would allow Missouri counties to create a property tax exemption for homeowners aged 62 or older who live in their primary residence (homestead). To qualify, individuals must own the property, use it as their main home, and pay the associated taxes. Counties would need to adopt a local ordinance to implement the exemption, which would cover 100% of the homestead’s tax bill starting in 2027. This exemption cannot be transferred, and recipients cannot also claim other property tax benefits or credits under state law.