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How Your Tax Is Calculated
The Total Tax Rate in the City of St. Louis for 2004 is 7.3007 per $100 of Assessed Valuation.
Real Property is assessed at:
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Residential | 19% of Appraised Value |
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Agricultural | 12% of Appraised Value |
| Commercial | 32% of Appraised Value |
Personal Property is assessed at:
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Cars, Trucks, Boats, Planes, etc. | 33.3% of Appraised Value
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Furnishings, Jewelry, etc. | not taxed |
| Manufactured (Mobile) Homes | 19.0% of Appraised Value |
| Farm Machinery | 12.0% of Appraised Value |
| Historic Cars & Planes | 5.0% of Appraised Value
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| Crops (Grain) | 0.5% of Appraised Value
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For Example:
John Q. Public owns a brick bungalow on a 25-foot-wide lot in Dutchtown.
The land and the house are valued separately during assessment.
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Appraised Value of Land | $5,000 |
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Appraised Value of "Improvements" * | $45,000 |
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| Total Appraised Value of Mr. Public's Real Property | $50,000 |
* The word improvements in assessment means the house and any other buildings or structures, regardless of their condition or whether they have been renovated.
Mr. Public also owns 2 cars worth a total of $15,000.
The total tax rate is $7.3007 per $100 (not per $1, per $100) of Assessed Valuation.
So Mr. Public's taxes would be calculated:
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Appraised Value | X | Assessment Rate = | Assessed Value |
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Home | $50,000 | times | 19% | $9,500 |
| Cars | $15,000 | times | 33.3% | + $5,000 |
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| Total Assessed Valuation | $14,500 |
| Times Tax Rate, $7.3007 per $100 | X $0.073007 |
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| Total Tax Levied | $1,058.60 |
| Plus Additional Charges Included in St Louis Property Tax Bills: | |
| Annual Sewer Lateral Line Insurance Fee | $28.00 |
Motor Vehicle License Tax:
Trucks $10.00
Passenger Vehicles $8.00
Motorcycles $6.00
| $16.00 (for 2 cars) |
| Mr. Public's Total Property Tax and Personal Property Tax Bill: | $1,102.60 |
| Optional: Round Up Your Tax Bill to Benefit Forest Park: | $1,110.00 |
Optional: Round Up Your Tax Bill to Benefit City "Animal House": | $1,120.00 |
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This Page Last Modified: Monday, 19-Nov-2007 16:42:44 CST
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