HB 235 -- Certificate of Value

Sponsor:  Fares

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 are 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 an
assessment and equalization plan.  Certain exemptions from the
requirements and penalties for violations are specified.

The bill has an effective date of January 1, 2006.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm