Real Estate Home  Contact Us  SLDC  Development  City of St. Louis		Real Estate Department Donating Property to the City of St. Louis Land Reutilization Authority In most cases a parcel of real estate is an asset, but at times it can be a liability. The Land Reutilization Authority of the City of St. Louis (LRA) can be an alternative for you to change your liability into an asset. By donating your interest to the LRA, the appraised value can be a tax deduction. The LRA will pay for the title insurance and the recording fees. The property must be accepted by the LRA Board of Commissioners, plus be free and clear of liens (with the exception of some City liens). There are many reasons to donate property: > Avoids the cost of improving the property to meet City code; > Avoids the expense of securing a vacant building; > Eliminates the need for insurance, fire and liability; > Eliminates real estate taxes; > Avoids the problem of trespassing; > Avoids the cost of spraying for weeds, cutting grass. If you feel burdened by the ownership of a parcel of City property, consider donating it to the LRA. NOTE: The LRA does not provide an appraisal or estimate of value for the amount of tax deduction. The Internal Revenue Service will require Form 8283 (Non Cash Charitable Donation Form) for all parcels donated at a value under $5000.00, for parcels over $5000.00, the IRS requires Form 8283 and a certified appraisal. If you wish to donate a property and need additional information, please contact SLDC Real Estate at (314) 622-3400. You may download the donation form below.  Offer to Donate Real Property You will need a copy of Adobe Acrobat Reader to view and print this document. To learn more about PDF files and obtain a free copy of Adobe Acrobat Reader, click the Icon at the left. Real Estate Home Official Web Site of the City of St. Louis This Page Last Modified: Monday, 19-Nov-2007 16:42:14 CST