[Ord. No. 94-60 §§1—10, 4-26-1994; Ord. No. 94-72 §1, 5-10-1994]
A.
At the same time as any deed or instrument providing for the transfer of title to real estate is presented to the Recorder of Deeds for recordation, there shall be filed with the Recorder of Deeds a certificate of value. The filed certificate of value shall be transmitted to the Assessor and retained by the Assessor for his reference. A copy of the filed certificate shall be returned to the grantee.
B.
The certificate of value shall be executed by the grantee or grantees or his representative on forms approved and supplied without charge by the County Assessor.
C.
The certificate of value shall contain sufficient information to determine the following:
1.
The full consideration for the property splitting out any personal property and/or business value or accommodations for handicap;
2.
The intended use of the property; and
3.
Whether the transaction was at arms length.
The grantee may add any additional information pertaining to the true value of the property as he/she desires. |
D.
Information concerning sales price and other consideration is not required to be included in a certificate of value accompanying transfer of title:
1.
To or from the United States, the State of Missouri, or any of the instrumentalities, agencies, or political subdivisions thereof;
2.
Made solely for the purpose of confirming, correcting, modifying or supplementing a deed previously recorded, and without additional consideration;
3.
Made solely for the purpose of releasing security for a debt or other obligation;
4.
On sales for delinquent taxes;
5.
To cemetery lots;
6.
By lease or other transfer or severed mineral interests;
7.
By order of any court;
8.
By deed between husband and wife, parent and child, without actual consideration; deeds to or from a family corporation or partnership when all shares of stock are owned by members of a family, or a trust created for the benefit of a member of that family, related to one another within the fourth degree of kindred, and their spouses, for no consideration;
9.
By deed of partition;
10.
By deed made pursuant to merger, consolidation, sale or transfer of the assets of a corporation pursuant to a plan of merger or consolidation filed with the Missouri Secretary of State;
11.
By executory contract for deed;
12.
By deed of distribution executed by a personal representative conveying to devised or heirs property passing by testate or intestate succession;
13.
By lease or easement; or
14.
By deed which conveys property held in the name of any partnership, not a family, to any partner or his spouse.
E.
The grantee is responsible for the filing of a certificate of value. If the grantee is a corporation, partnership or other entity, each responsible officer and agent of the grantee is responsible for filing the certificate of value. However, any attorney, real estate agent or broker or title company may file the certificate of value on behalf of the grantee.
The attorney, real estate agent or broker, and title company representing the grantee in any such transaction shall inform the grantee of his obligation to file a certificate of value.
F.
Upon the enactment of this Section, the County Assessor shall immediately prepare and make appropriate forms available at the office of the Recorder of Deeds and to any persons or organizations requesting the same.
G.
Any person who is convicted of preparing or filing a certificate of value known to be false; of failing to file a certificate of value at the time of presenting a deed or instrument for the transfer of title to property; or of failing to inform the grantee of his obligation to file a certificate of value when under the obligation to do so, shall be punished by a fine of one percent (1%) of the sales price or five hundred dollars ($500.00), whichever is greater.
H.
The enforcement of the regulations established by this Section shall be the responsibility of the County Counselor.
