A Property Tax Increase Is Coming For Residents of St. Louis County
What is that old saying things you can't avoid are death and taxes? Well for property owners in St. Louis County be prepared for a tax increase. In the scheme of things it is a pretty nominal increase, but for some this could really add up over the year.
According to CBS3 The County Board Approved a Property Tax Levy for 2020 on Tuesday. The levy is set at $145 million which is a 6.5% increase from 2019, but for homeowners their part of the tax increase will be more along the lines of 3%. Officials have said because the county's tax base grew homeowners will get a small break.
An example of how much more you will have to pay next year if you own a home valued at $200,000 you will see an increase of about $3.50 per month.