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Capital Improvement Sales Tax <br /> <br /> The following table represents the collection history of the City's __ <br />sales tax: <br /> <br />cent capital improvement <br /> <br />Fiscal Year <br />endin~ June 30 Total <br /> <br />1998 $2,096,984 <br />1999 2,204,198 <br />2000 2,162,68l <br />2001 2,246,665 <br />2002 2,230,360 <br />2003 2,042,836 <br />2004 515,5620~ <br /> <br />Represents collections from July 1, 2003 through September 30, 2003. <br /> <br />Property Valuations <br /> <br /> Assessment Procedure. All taxable real and personal property within the City is assessed by the St. <br />Louis County Assessor. Missouri law requires that personal property be assessed at 33-1/3% of tree value <br />(except for a few subclasses of minimal value that are assessed at a lower percentage) and that real property be <br />assessed at the following percentages of tree value: <br /> <br />Residential real property ........................................................................... 19% <br />Agricultural and horticultural real property .............................................. 12% <br />Utility, industrial, conwnercial, railroad and all other real property .......... 32% <br /> <br /> On January 1 in every odd-numbered year, each County Assessor must adjust the assessed valuation of <br />all real property located within the county in accordance with a two-year assessment and equalization <br />maintenance plan approved by the State Tax Conunission. <br /> <br /> The County Assessor is responsible for preparing the tax roll each year and for submitting the tax roll <br />to the Board of Equalization. The County Board of Equalization has the authority to adjust and equalize the <br />values of individual properties appearing on the tax rolls. <br /> <br />[Remainder of page intentionally left blank.] <br /> <br />-20- <br /> <br /> <br />