MO SB598

County governing bodies may establish installment payment plans for current and delinquent real property taxes under terms they determine appropriate.

First class counties are required by ordinance or order to provide installment payment options for current and delinquent real property taxes.

County legislative bodies may limit installment payment rights to specific classes of taxpayers as prescribed by ordinance or order.

Delinquent taxes subject to installment plans bear interest at the rate provided by section 140.100, RSMo, and remain subject to applicable fees.

Installment payments made during a tax year do not affect a taxpayer's right to protest the tax amount under applicable law.

Financial institutions paying tax obligations from escrow accounts are excluded from installment payment requirements.