Why Missouri property tax may be up in smoke, says attorney


— It was a big day for the attorney general in Missouri.

Louisville attorney general Jim Strickland said Tuesday that a new federal law passed earlier this month makes it easier for the state to levy property taxes on homes that are valued at more than $500,000.

The law, which was signed by President Donald Trump on March 4, takes effect immediately, and Strickart said the tax burden would be on those who own properties worth more than that.

The Missouri legislature passed a similar law in 2018.

But a Republican governor vetoed it.

The new law also makes it more difficult for courts to issue tax liens, which are typically used to collect unpaid taxes.

A tax lien is one of several mechanisms used by courts to enforce unpaid taxes on property, such as liens on real estate.

The tax liennes were a common tool in Louisiana and other states when the state had a tax crisis.

Louisiana taxpayers had to pay taxes on nearly $4 billion in unpaid taxes, according to a report from the state Department of Revenue.

In 2017, a year after the state passed its new tax law, the state owed nearly $2.7 billion in property taxes.

The state has said the new law will reduce the amount of tax debt owed by those who have been unable to pay the bills.

The attorney general said the law will make it easier to collect liens against properties that are worth more, especially if owners of the property do not live in the area and it will make property owners more liable for property taxes owed by future homeowners.

Strickland called the law a “game changer” in his state.

The attorney general has not yet announced how much the tax bill will cost, but Stricker said he expects it will be significant.

Strickland also said the bill will encourage owners of homes worth more to purchase them.