HCS SB 1012 -- COLLECTION OF PROPERTY TAXES

Current law requires persons redeeming their property that has
been sold at a tax foreclosure sale to pay interest of up to 10%
on the entire purchase price of the property, even if the
purchaser bid more than the delinquent taxes.  This bill limits
the interest paid to only the amount of the bid price that
represents the delinquent taxes.

The bill clarifies that only current property taxes can be
protested if the taxes are in dispute and allows a county
collector to remove personal property taxes from the delinquent
or back tax book after three years.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:16 am