HB1906

Missouri HB1906 modifies property tax payment options and procedures in counties.

Missouri HB1906 allows county governing bodies to establish ordinances or orders for taxpayers to pay real and personal property taxes on an annual, semiannual, or quarterly basis. The ordinance must specify how the tax amount is estimated, based on the previous tax year's liability. The county collector must submit collection procedures to the governing body. Taxpayers will pay based on the estimated amount divided by the number of payment periods. If taxpayers overpay, the county will refund the excess amount at the end of the tax year without interest.