Bill > SB1475

This bill modifies provisions related to delinquent property taxes by extending the period before foreclosure proceedings can begin on delinquent properties from two years to seven years, with an exception for properties with an assessed value less than the lien amount. It also clarifies that payments for delinquent personal and real property taxes must be applied to the oldest outstanding amounts first, before current taxes are paid, though this rule does not apply to financial institutions servicing escrow accounts. Furthermore, the bill prohibits counties or other political subdivisions from relinquishing their authority to enforce state liens and collect delinquent taxes to any other entity, and it prevents the director of revenue or other state or county officials from contracting with private attorneys or collection agencies for the collection of delinquent property taxes.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=52371