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Property Tax Exemptions for Disabled and Retired Veterans (Version 2)

December 11, 2020
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WRITTEN BY Brittany Whitley

Residential property tax exemptions are commonly used to reduce the tax burden for specific populations, often based on age, disability, income and/or military service.

Most states offer personal property tax exemptions to a subset of disabled and retired veterans, who often rely on a fixed income and tend to have higher age- and/or disability-related healthcare costs. Missouri currently provides full personal property tax exemptions for former prisoners of war who have a “total service-connected disability”.

The fiscal impact of extending property tax benefits to more disabled and/or retired veterans in Missouri depends on several factors, including exemption criteria, participation rates and the geographic distribution of these veterans.

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