The Mehlville School District has received several calls from people who are confused by the way St. Louis County taxes residential property. To clarify, they sent an e-mail explaining how the process works.
The e-mail states:
Dear Mehlville and Oakville Community Residents:
As the November 3rd vote on Proposition R approaches, the Communications Department at the Mehlville School District has received several calls from people who are confused by the way St. Louis County taxes residential property. They fear that the tax impact from the 49 cent levy will be much higher than they have been told.
The phrase ‘assessed value’ appears be the cause of the confusion. St. Louis County has a slightly complicated formula that is used to determine the amount of property tax each homeowner pays. For a home worth $150,000 (if you were to sell it), the formula is this:
$150,000 x .19 = $28,500
$28,500 ÷ 100 = $285
$285 x .49 = $139.65
So, the owner of a $150,000 home will pay an additional $139.65 in property tax per year if Prop R passes. That is $11.64 per month.
For a $200,000 home the math works exactly the same:
$200,000 x .19 = $38,000
$38,000 ÷ 100 = $380
$380 x .49 = $186.20
The owner of a $200,000 home will pay an additional $186.20 in property tax per year if Prop R passes. That is $15.52 per month.
The community’s decision on whether to support Prop R is a very important one. We want to make sure that everyone understands how the tax calculations are made so they can make an informed decision on Tuesday, November 3rd.
Mehlville School District