Tax Rate Frequently Asked Questions
The Lindbergh Schools Board of Education approved the 2017-18 tax rate at its Sept. 26 meeting. The blended rate, approved by the Missouri State Auditor, is $4.2331. This is a decrease of $0.2130 from last year’s blended rate of $4.4461. The operating levy will be $3.4431, and the debt service levy will be $0.7900.
How is the tax rate determined?
The total amount of taxes you pay is determined by a number of factors, including changes in rates for other taxing entities such as the local fire district or libraries, and the change in assessed value for your property.
Each year the Missouri State Auditor (SAO) provides forms that districts must use to calculate the tax rate.
State law requires all real property to be reassessed each odd numbered year, so 2017 is a re-assessment year (e.g. 2017, 2019, 2021). In addition, assessment adjustments are made every year for new construction, additions/deletions, or any other modifications to property.
Local property values increased for the 2017 tax year. Lindbergh’s total increase in assessed valuation was $122 million, or 9.66%.
Why did Lindbergh’s tax rate decrease?
If the assessed valuation of local property increases by more than the consumer price index (rate of inflation), then the tax rate will decrease.
A Missouri statute called the Hancock Amendment controls the amount of money a district receives from property owners by capping the district’s share of increases to the lesser of:
- Percent increase in assessed valuation (maximum increase is 5%), or
- Consumer Price Index (rate of inflation)
School districts must decrease (roll back) their tax rate when assessed value increases above CPI.
In 2017, a property re-assessment year, the assessed value of property in the Lindbergh district increased by $122 million, or 9.66 percent. However, the Consumer Price Index (rate of inflation) increased by only 2.1 percent. As a result, Lindbergh Schools is required by law to roll back the tax rate so that only 2.1 percent more in new revenue is collected.
What does this mean in dollars for Lindbergh taxpayers?
During a re-assessment year, your tax bill is impacted by the change in your individual property’s assessed valuation. Reassessment does not necessarily mean the value of your property will increase or decrease.
Information and data pertaining to real estate values and costs are collected by the St. Louis County Assessor’s Office. The county conducts analysis and studies to see how the real estate market has changed and how it has affected assessed values.
For general information about the property assessment process, visit St. Louis County’s website.
What else is included in my tax bill?
It is important to remember your tax bill includes taxes to a number of taxing authorities. Lindbergh is just one of several taxing authorities. Other taxing districts include but are not limited to:
- Local fire district
- Special School District
- Sewer district
- Municipal governments
Why does Lindbergh set five different tax rates?
State law requires districts wholly located within St. Louis County to report separate levies by class as follows:
- Personal property
- Debt service