Missouri SB1211 modifies property tax payment options and procedures for taxpayers.
Missouri SB1211 repeals and replaces Section 139.053 of RSMo, allowing county governing bodies to establish payment plans for property taxes on an annual, semiannual, or quarterly basis. The county must provide the collector with necessary funds to implement these plans. Taxpayers can pay estimated amounts based on the previous year's liability, with any overpayments refunded at year-end. Financial institutions servicing from escrow accounts are exempt from these provisions.
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