Property Assessments | St. Louis Public Radio

Property Assessments

Houses along Holly Hills in St. Louis. May 24, 2019.
Kae Petrin | St. Louis Public Radio

If you own a home or business in St. Louis or St. Louis County, you may have received a letter about your property's value going up.

Residential property values on average went up 12% in the city and 15% in the county, according to assessors’ preliminary calculations.

That’s mostly good news, said St. Louis Assessor Michael Dauphin. Increasing property values mean that real estate investments are worth more. But for some, they could also mean higher tax bills.

This article first appeared in the St. Louis Beacon, March 18, 2013 - Although some experts report that the region’s real estate market seems to be settling down, St. Louis County Assessor Jake Zimmerman today reports that wasn’t necessarily the case for the county – where median residential property values have dropped by 7 percent, compared to the last reassessment in 2011.

In some parts of the county hit hard by foreclosure, the property values are down 12 percent or more, he reported. What Zimmerman didn’t say is that drops in property values mean declines in property taxes paid to local governments and school districts, which rely on property taxes for much of their income.

This article first appeared in the St. Louis Beacon Sept. 2, 2009 - Missouri Supreme Court Judge Mike Wolff's witty, chatty, very personal dissent to Tuesday's school funding decision may point toward a new round of litigation challenging the inequality of property tax assessments between counties. Wolff maintained that the failure to equalize tax assessments violates the state constitution, distorts school funding and is ripe for another lawsuit.

This article first appeared in the St. Louis Beacon, Sept. 1, 2009 - In a decision handed down today, the Missouri Supreme Court has ruled that the state's public school funding formula crafted in 2004 is constitutional. The ruling knocks down arguments by an unusual coalition of rural, suburban and urban districts that had contended that the state was underfunding its public schools.

More than 250 of the state's 523 school districts participated in the case. The suit challenged both the adequacy and the fairness of how Missouri pays for public education.

This article first appeared in the St. Louis Beacon, April 16, 2009 - Property owners in St. Louis County are about to test the theory of gravity and find out whether what goes up will really come down.

Next month, owners of the 365,000 residential properties in the county will receive their preliminary property tax notices. During the last reassessment, in 2007, many bills rose sharply because of rising property values. With today's news filled with the woes of the real-estate market, homeowners could be forgiven for assuming that as dramatically as their bills shot up last time, the bottom line number should drop just as much this time.