Modifies property tax payment schedules and interest charges in Missouri.
This bill modifies property tax provisions in Missouri, allowing county governing bodies to set payment schedules for real and personal property taxes on an annual, semiannual, or quarterly basis. It also mandates that if a taxpayer fails to make an installment payment, the county may charge interest on the unpaid amount. The bill specifies that financial institutions paying taxes from escrow accounts are exempt from these provisions. It repeals and replaces existing sections to clarify the process and conditions for these changes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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