MO HB2071

Increases the interest rate on delinquent property taxes from one percent per month (maximum ten percent per annum) to two percent per month (maximum eighteen percent per annum) for cities operating under sections 92.700 to 92.920.

Removes the prime rate cap that previously applied to delinquencies occurring after January 1, 2000, replacing it with a fixed maximum rate of eighteen percent per annum.

Increases the penalty on delinquent land in back tax books from eighteen percent per year to eighteen percent per annum, with the penalty on lands redeemed prior to sale not to exceed two percent per month.

Establishes a consistent two percent per month interest rate (not to exceed eighteen percent per annum) for redemption of delinquent properties in cities not within a county, effective January 1, 1983.

Applies changes to three sections of Missouri Revised Statutes relating to delinquent tax collection procedures in cities operating under charter provisions.