MO HB1955

County governing bodies must establish by order or ordinance a mandatory installment payment plan allowing taxpayers to pay current or delinquent real property taxes over a six-month period following the tax due date

First installment payment must be due on December 31st of the year taxes are due, with subsequent payments due on the remaining scheduled dates

Delinquent taxes on installment plans carry a 9% interest rate if all installments are paid on or before their respective due dates

Taxpayers retain the right to protest tax amounts under applicable law regardless of whether they pay in installments

Financial institutions paying real property taxes from escrow accounts are exempt from the mandatory installment payment plan requirement