SB1162

Missouri SB1162 modifies property tax provisions, including installment payments and sale of delinquent property.

Missouri SB1162 modifies property tax provisions by allowing installment payments for current and delinquent real property taxes. It mandates that collectors notify property owners of the opportunity to negotiate a compromise on delinquent taxes, interest, and penalties before initiating a sale. The bill also specifies that collectors cannot sell property to satisfy delinquent taxes if the property becomes delinquent after January 1, 2027. It repeals and replaces certain sections of the Revised Statutes of Missouri to reflect these changes.