A Missouri Housing Development agency has approved a $35 million
plan to spur housing. $15 million of Missouri's federal stimulus
money dedicated for paying the property taxes for low- and
middle-income people who buy a house next year....up to $1,250 in
property taxes. Bonnie Hutchcroft, ReMax broker in Blue Springs, says
buyers will take all the help they can get. According to the State
Tax Commission, the average residential real estate tax bill for a
Missouri homeowner is $1,160. Supporters called it a simple tax cut
for Missourians that could help spur the economy. But one critic
questioned if the property tax portion fit within the agency's
mission.
