What is the Homestead Preservation Act?
The Homestead Preservation Credit (HPC), also a state program, enables qualified Senior Citizens and residents with 100 percent disability to receive a credit on their real estate property tax if the taxes increase 2.5 percent in a non-reassessment year (2008) or 5.0 percent in a reassessment year (2009). Qualification for the program is based upon your age and your income. Applicants can apply for either the Homestead Preservation Credit or the Circuit Breaker refund, but not both. For more information see Missouri Homestead Preservation Credit. The application for the HPC is due by October 15.