2011 budget summary - St. Louis County

REVENUE FORECASTAn increase of $1.0 million or 5.4% in fuel sales and taxes due to higher projected sales volume at theSpirit of St. Louis AirportPROPERTY TAXATIONProperty tax bills are determined by the assessed value of property and the approved tax rate. Assessed valuesare re‐evaluated every two years per Missouri State statute.Tax rates are set by the elected officials of the local governments that have jurisdiction where property islocated, and are based on the amount of funds needed to operate the governments. Taxes are levied on alltaxable real and personal property owned as of January 1 st of each year, with tax payments due by December31. If payment is not made by the deadline, the account becomes delinquent and accrues a penalty of 1% permonth.The County Collector of Revenue collectstaxes for most taxing districts in theCounty. As the chart to the right indicates,a citizen’s property tax bill includes notonly County property taxes, but also schooldistrict taxes, city taxes, service districttaxes, and other special district taxes.While these taxes are collected by theCounty, they are distributed to the varioustaxing districts and are not a part of theCounty tax rate. In 2009, property taxessupporting County operations and debtservice were 6.3% of the averagetaxpayer’s bill.Service Districts14%Cities6%2009 Average Property Tax RatesSchool Districts53%Other Districts21%St. LouisCounty6%The adopted 2011 property tax rate for St. Louis County is $0.523 per $100 of assessed valuation. This rateremains unchanged from the 2010 levy.Property Tax Levy (per $100 of assessed value)Fund 2009 20102011AdoptedGeneral Fund $0.190 $0.200 $0.200Special Road & Bridge Fund $0.105 $0.105 $0.105Health Fund $0.150 $0.140 $0.140Park Maintenance Fund $0.050 $0.050 $0.050Debt Service Fund $0.063 $0.028 $0.028TOTAL LEVY $0.558 $0.523 $0.523- 52 -