MO HB207

Requires a certificate of value to be delivered to the county assessor before any deed or instrument transferring residential, commercial, or industrial real property can be recorded.

Certificate of value must report whether the transaction was at arm's length, the full consideration paid or to be paid (including liens), and the actual or intended use of the property.

The grantee, their legal representative, or the grantee's attorney, real estate agent, broker, or title company is responsible for delivering the certificate of value to the assessor.

Financial data on the certificate is not required for transfers under $100, security arrangements, family transfers with nominal consideration, foreclosures, court-ordered transfers, government transfers, and several other specified exemptions.

Certificate of value information is confidential and exempt from public disclosure, except for statistical purposes by assessors and the state tax commission, and becomes effective January 1, 2014.