MO HB1593

Recorders of deeds cannot accept deeds or instruments transferring residential, commercial, or industrial real property unless a completed certificate of value has been delivered to the county assessor.

Certificate of value must report whether the transaction was at arm's length, the full actual consideration paid (including liens), and the intended use of the property, or explain why such information is not required.

The grantee, grantee's 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 exemptions apply to transfers under $100, security transfers, family transfers with nominal consideration, estate closings, foreclosures, court-ordered transfers, government transfers, and several other specific transaction types.

Certificate of value information is confidential and exempt from public disclosure, except for statistical or reassessment purposes, state auditor review, or release to the original party who submitted it; a $10 filing fee applies and the section becomes effective January 1, 2015.