Bill > SB1211

This bill modifies existing Missouri property tax payment regulations by allowing county governing bodies to offer taxpayers more flexible payment options for real and personal property taxes. Specifically, the bill removes a previous exclusion for township counties, enabling all counties to potentially allow taxpayers to pay their property taxes annually, semiannually, or quarterly, depending on the county's ordinance. The bill requires tax payment estimates to be based on the previous year's tax liability, with taxpayers able to make installment payments and then reconcile any differences at the end of the tax year. If a taxpayer overpays, the county must refund the excess amount once per calendar year, but no interest will be paid on these excess amounts. Conversely, if a taxpayer misses an installment payment, the county may charge interest on the remaining tax balance. The bill also stipulates that counties must provide sufficient funding to their tax collectors to implement these new payment procedures. Importantly, the new payment flexibility does not apply to financial institutions paying taxes from escrow accounts.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=183