CLAYTON — ºüÀêÊÓƵ County Councilman Ernie Trakas wants the county to set aside $1.7 million to put a into place.
Trakas, a Republican from unincorporated county, requested legislation this week that would set aside the money for the Department of Revenue.
The tax freeze became law last November, but county officials haven’t released details about how homeowners can apply. County Executive Sam Page in December warned cuts the council approved could affect his administration’s ability to enact the program.
People are also reading…
ºüÀêÊÓƵ opened its version of the application Monday.
Residents older than 67 will have to apply for the tax break by submitting a form annually to the county Collector of Revenue. The law includes a $550,000 cap on the value of eligible homes.
The collector’s office will freeze taxes for those who qualify. Homeowners will pay on the value of their homes at the time they apply. But the law doesn’t change the way the assessor values real estate, and taxpayers will still receive assessment notices.
The Missouri Legislature is working on tweaks to the bill that would clarify who’s eligible, and require taxpayers to pay all delinquent taxes, interest and penalties before becoming eligible.