Modifies provisions relating to the auction of lands with delinquent property taxes
The changes proposed by SB1144 are expected to enhance the efficiency of tax collection processes and reduce the duration and complexity of the sale of delinquent properties. The new framework will require county collectors to publish notices of delinquent lands in local newspapers for three consecutive weeks prior to the public auction. Furthermore, it establishes guidelines on how to handle cases where the legal description of a property may not be readily available. This could potentially improve transparency and organization in the auction process, allowing more interested buyers to participate.
Senate Bill 1144 proposes significant modifications to the provisions governing the auction sale of lands with delinquent property taxes in Missouri. This bill amends and replaces existing sections 140.170 and 140.190 of the Revised Statutes of Missouri to create a more streamlined and modernized process for handling such auctions. One of its key features includes the allowance for auction sales to be conducted through electronic media, which reflects an adaptation to contemporary trends in property sales and auctions that leverage technology to broaden participation and accessibility.
Certain provisions within the bill may raise concerns among residents and local governments. For instance, the stipulation that nonresidents must consent to the jurisdiction of the local court before bidding could be seen as a deterrent for outside bidders, potentially limiting the pool of participants in these auctions. Additionally, some might argue that the electronic auction process could favor tech-savvy buyers, leaving behind those less familiar with online transactions or lacking access to technology. Moreover, the requirement for lawful owners to demonstrate good standing with local building codes prior to bidding may also be contentious, as it targets individuals who may already be facing financial difficulties.