Platte County voters will decide on expanding property tax relief to all homeowners with the Homestead Property Tax Credit, which would cap annual property tax increases at 5% or the inflation rate. This initiative aims to provide more predictable limits for homeowners, although it won’t affect seniors who already benefit from a tax freeze program. Seniors will continue to receive the senior tax freeze, which locks in their tax bill, while the new cap will offer predictability for homeowners under 62 years of age. If approved, homeowners can start applying for the credit after the election.
