- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)41
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- 2016 All-Missourian Boys Basketball (04/29/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
Mo. governor signing property tax relief measure
JEFFERSON CITY, Mo. (AP) -- Gov. Matt Blunt is signing legislation intended to provide relief from sharp property tax increases.
The legislation closes what some critics call a loophole in Missouri's property tax system.
The state constitution already says local governments are to reduce their maximum allowed property tax rates when assessed property values rise by more than inflation.
But some governments have gotten around the rollback requirement by voluntarily setting their tax rates below their maximum-allowed level.
The legislation will require tax rate reductions when assessed property values rise significantly -- even if tax rates already are below their maximum.
The bill also increases the income tax breaks available to low-income elderly and disabled homeowners. It also caps state fees charged to bulk buyers of vehicle and driver's license records.