HB 1021 -- Property Tax:  Certificate of Value

Co-Sponsors:  Murphy, Scheve, Green (73), Kennedy, O'Toole,
Foley, Boucher

This bill requires that a certificate of value containing the
actual amount of consideration or reasonable estimate of the
true current market value and a statement of actual or intended
use of property be filed with the assessor before the recorder
of deeds can accept the filing of any instrument by which any
lands or other interest in real property be conveyed to the
purchaser or any other person.  One copy of the certificate of
value will be forwarded to the State Tax Commission for use on
certain administrative tasks and one retained by the assessor
for the purpose of assisting in implementing general
reassessment or implementing an assessment and equalization
plan.  The bill makes certain exemptions from the requirements
and sets penalties for violations.

The bill has an effective date of January 1, 2002.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:47 am