Bill > SB712

This bill modifies provisions relating to delinquent property taxes in Missouri, introducing several key changes to the process of tax sales and property redemption. The bill requires county collectors to notify property owners by registered mail before selling their property for delinquent taxes, offering an opportunity to negotiate a compromise that can include installment payments over up to three years and potential waivers of interest and penalties. For properties sold at tax auctions, the bill introduces a new protection for owner-occupied primary residences sold on or after January 1, 2026, preventing the purchaser from acquiring the deed or taking possession unless the owner has vacated the property for 30 days or transferred ownership. The legislation maintains the existing 90-day redemption period for most properties but enhances notification requirements, mandating that tax sale purchasers send detailed notices to property owners and lienholders by both first-class and certified mail. Additionally, the bill clarifies the process for redeeming properties, specifying the costs involved and the steps purchasers must take to eventually acquire a deed, including obtaining a title search and providing comprehensive documentation to the county collector. These changes aim to provide more protections for property owners facing tax delinquency while maintaining a clear legal framework for tax sales and property redemption.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=5391367