The Missouri Property Tax Credit Claim gives credit to certain senior citizens and 100 percent disabled individuals for a portion of the real estate taxes or rent they have paid for the year. The credit is for a maximum of $750 for renters and $1,100 for owners who owned and occupied their home. The actual credit is based on the amount of real estate taxes or rent paid and total household income (taxable and nontaxable).If you rent from a facility that does not pay property taxes, you are not eligible for a Property Tax Credit.
Who qualifies for the Missouri Property Tax Credit?
Individuals who meet one of the following qualifications:
- Claimant or spouse must be 65 years of age or older on or before the last day of the calendar year and a resident of Missouri for the entire year;
- Claimant or spouse is a veteran of any branch of the armed forces of the United States, or this state and is 100 percent disabled as a result of such service;
- Claimant or spouse is 100 percent disabled; or
- Claimant has reached age 60 on or before the last day of the calendar year and is receiving surviving spouse social security benefits.
What is the income limit for the Missouri Property Tax Credit?
Tax Years 2013-2016:
Renters/Part Year owners:
If single, your total household income must be $27,500 or less.
If married filing combined, your total household income must be $29,500 or less.
Owned and Occupied your home the entire year:
If single, your total household income must be $30,000 or less.
If married filing combined, your total household income must be $34,000 or less.
Missouri Property Tax eligibility chart
Missouri 2016 Property Tax Form – MO-PTC – (form is fillable and does calculations)
Missouri Department of Revenue Property Tax Credit Page