Boone County out $2.2 million from senior property tax freeze
Ryan Shiner
COLUMBIA, Mo. (KMIZ)
A senior property tax exemption that went into effect last year will result in Boone County issuing more than $2.2 million in tax credits to seniors.
Eligible seniors are able to apply for an exemption by each summer and voters in August approved decided to expand the law to apply to levies.
Boone County Collector Brian McCollum told ABC 17 News in an email on Thursday that the total credits to eligible taxpayers’ bill is $2,219,785.05. McCollum wrote that “taxpayers will see any eligible credit stated on the face of their real estate tax bill for their primary residence. They will need remit the balance due by December 31, 2025, to avoid any delinquent charges.”
The law to allow the freeze was approved by state lawmakers in 2023 and Boone County voters OK’d it last year.
To be eligible taxpayers must be:
62 years old or older by Jan. 1 of the initial credit year;
An owner of record of their primary residence or has a legal or equitable interest in such primary residence as evidenced by a written instrument; and
Liable for the payment of real property taxes on the homestead.