Missouri has no automatic statewide homestead cap for every homeowner. A county may adopt a senior credit, for owners 62 or older, equal to the increase in homestead tax since the initial credit year.
MHDC First Place serves first-time buyers and qualified Veterans. Next Step also serves repeat buyers, with higher income and price limits. Both manuals describe an optional 4 percent forgivable second loan that declines after year five and is forgiven at year 10.
Missouri has no state transfer tax on a typical home sale. Statutory recording charges include $5 for the first page and $3 for each additional page, plus a $6 user fee and, for specified instruments, an additional $3 housing trust fee.
Missouri assessment appeals go first to the county Board of Equalization before the second Monday in July, then to the State Tax Commission by September 30 or 30 days after the Board's decision, whichever is later.
The Missouri Property Tax Credit can be up to $1,100 for qualifying owners and $750 for renters. It is for certain seniors and 100 percent disabled individuals and is based on household income and taxes or rent paid.
Missouri has no statewide general seller disclosure form. Written disclosure is required for known methamphetamine production and for a solid waste site or demolition landfill. Psychologically impacted facts need not be disclosed.