It's typically levied at a county or city … Tax Penalties. Code Sections. The Consequences of Not Paying Property Taxes. Assessment forms for Personal Property tax are mailed by the Assessor's office in January and due by March 1st. Property tax is a tax liability imposed on property owners. Failure to receive a tax bill does not relieve the obligation to pay taxes and applicable late fees. ST. LOUIS — St. Louis Board of Aldermen President Lewis Reed sent a request to Missouri Governor Mike Parson asking him to waive fees and penalties for unpaid personal property taxes… Missouri State Statutes mandate the assessment of a late penalty and interest for taxes that remain unpaid after December 31st. Taxes not paid in full on or before December 31 will accrue penalties and late fees. against the property. The failure to pay penalty is .5% (half of one percent). These loans may be obtained from a bank or a property tax lender. Personal Property – Taxes due on personal property remain the responsibility of the taxpayer who owned the property on assessment date (January 1). You can also apply for a loan to pay your property taxes. Penalties for Unpaid Taxes with a Tax Return Filed on Time. Search Who is Not Paying A business may have its sales tax license revoked for failure to remit sales tax collected from its customers to the Department of Revenue or for failure to remit income taxes withheld from its employees to the Department of Revenue. ... As per Missouri Law we honor all 31st or earlier post marks as paid on time. Some states also have property tax deferral programs that require you to pay only a specified percentage of your annual household income for property taxes, with the state paying the remainder. All Personal Property Taxes are due by December 31st of each year. APPEAL STEPS: 1. Failure to receive a tax bill does not relieve the obligation to pay taxes and applicable late fees. ... Failure to receive a tax bill does not relieve the obligation to pay taxes and any penalty and interest that may apply. Taxes not paid in full on or before December 31 will accrue penalties and late fees. 2. Taxes are assessed on personal property owned on January 1 but taxes are not billed until November of the same year. Failure to receive a tax bill does not relieve the obligation to pay taxes and applicable late fees. Failure to file a tax return; preparation by Department - 20% penalty. Failure to pay tax - 10% of the unpaid tax liability or $5, whichever is greater. Informal Hearing: If you feel the value of your personal property is incorrect, call the Platte County Assessor's office at 816-858-3310. Like the failure to file penalty, the maximum penalty is 25% of the total tax amount owed. Taxes are assessed on personal property owned on January 1 but taxes are not billed until November of the same year. 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