While a number of taxes are heading to that ballot this November, at least one tax is here to stay for now. St. Louis property taxes are going up.
In 2017, 58% of city voters supported Proposition NS. The tax was aimed at revitalizing and repairing vacant buildings. The city’s Land Revitalization Authority owns around 3,000 buildings, many have fallen into disrepair. The purpose of the tax was to help bring the buildings up to code, keep them watertight, and hopefully entice buyers.
However, the city’s charter requires 66% (2/3) of the vote in order to pass. So, the city challenged the ruling in court. This week, a court decided the state’s threshold of 4/7 majority applies and the city can start collecting the tax.
It’s being called the tax that “nobody wanted” and yet everyone will pay. All totaled, homeowners will pay around $11 per $100,000 of assessed value. The extra money will help the city get up to $40 million in bonds. But the amount can’t exceed $6 million per year.
Not all residents are pleased with the news. Some arguing that the City is going against the will of the voters by not adhering to the 2/3 requirement set forth by the city. Others welcome the tax, saying it is a modest increase and will help restore and revitalize struggling neighborhoods.
Only time will tell how the tax plays out and whether voters will be ultimately pleased. A slew of other taxes are on the ballot in St. Louis this November. For now, St. Louis property taxes are on the rise, if only modestly. After November, we’ll see where St. Louis taxes rate.
Across the country, cost of living expenses vary. St. Louis property taxes are one expense that would-be residents must consider. Other state and local taxes are another. The cost and availability of housing, yet another.
Of course, not all states and cities are created equally. That’s why City vs City calculates cost of living expenses at the zip code level and helps you compare costs between locations. Simply input your data, select your zip codes, and watch the comparison take place.
Check out the video below for a quick demonstration:
City vs City shows you just how your expense would change if you were to move from your current city to another. If you’re thinking of moving, don’t make a move without downloading City vs City first.