Missouri Offers to Pay Property Taxes but Homebuyers not biting

Dennis Norman

Dennis Norman

UPDATE June 7, 1010 – Here are links to the Forms from MHDC to claim the tax credit as well as some sample forms they have provided showing how to fill them in:

Program Application
Home Purchase Affidavit
Promissory Note
Hope Program Information and Instructions
Sample Forms

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Dennis Norman

Back in December I wrote a post about a $35 million economic development initiative that was approved by the Missouri Housing Development Commission which included $15 million to pay the first-year of property taxes for qualified homebuyers who purchase a new or existing home after January 1, 2010.  Missouri Treasurer, Clint Zweifel, said he expected this would help between 9,000 and 11,000 Missouri families making less than $100,000 a year.

This morning I saw a report from a very trusted source that indicated thus far only two home buyers have taken advantage of this incentive.  Wow, the State of Missouri is trying to give away money and it can’t!  Perhaps homebuyers are not aware of the incentive, or there just aren’t that many people that meet the income guidelines that have bought a home since January 1st.  In either event, the “incentive” does not appear to doing anything for the Missouri housing market.

To get complete details on the program please see my prior post by clicking here.

 

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