ST. LOUIS, MO/May 18, 2017 (STLRealEstate.News) The red hot St. Louis real estate market could very well mean a higher property tax bill for many residents in the greater metropolis today. St. Louis County Assessor Jake Zimmerman stated that most people will see a significant increase this time around. The last time the reassessments were done, in the wake of the Great Recession, there was no increase to residents. This shift is already creating controversy and unhappiness in worried residents today.
“Two years ago we saw that homes in really nice parts of town were going up in value and the rest of St. Louis County, not so much. This year, the rising tide seems to be lifting all of the boats,” said immerman. He went on to state that it’s about a 7 percent increase across the board. Residents are wondering how they come up with these numbers.
Zimmerman responded, “It’s data driven, but we have personally inspected 75,000 properties just in the space of the last couple of months.”
Some St. Louis residents have certain opinions on who should be subject to these increased assessments. Sarah Heine of Kirkwood, the former head of the group that pushed for property tax relief ten years ago, stated that there ought to be a property tax cap for anyone over the age of 65. “I feel at some point I should not be in a position to have to move out of the community I helped to support for all those years, and be able to live in my home and enjoy the community I helped create,” she said.
She went to claim that it might be time to consider taxing homes when they are sold, not when they are being lived in. Heine’s group, the St. Louis County Citizens for Property Tax Relief, is presently looking for new leadership to carry on the crusade.