Lindbergh Board of Education Approves 2023 Tax Rate
The Lindbergh Schools Board of Education voted on Sept. 16 to accept the annual 2023 tax rate. The board voted 7-0 on the blended tax rate, not to exceed 3.0055 per $100 of the assessed valuation for 2023, a decrease of 3.12 cents from the 2022 rate.
Missouri’s Hancock Amendment limits the district’s collection of revenue each year to the smaller of either the property value increases or the rate of inflation. This year was a reassessment year, which means property owners received updated assessment values for their homes and businesses. Residential property values in Lindbergh increased an average of 15% this year, and commercial increased by 13.75% e this year. however, the rate of inflation was only 6.5%. The commercial rate was rolled back because property values exceeded the inflation rate. Lindbergh Schools is already at $2.75, the lowest residential rate allowed by Missouri State Statute.
2023 Tax Rates
St. Louis County districts must set a tax rate for each category of property. A single blended rate is calculated for reporting purposes. The blended rate is used to compare Lindbergh with other school districts.
2023 Operating Tax Rates
Residential Real Estate: $2.7500 (minimum residential tax rate allowed by Missouri State Statute.
Agricultural Real Estate: $3.1416
Commercial Real Estate: $3.3707 (.1427 cents less than 2022)
Personal Property: $3.6944 (unchanged)
2023 Debt Service Levy: $0.8330 (unchanged)
Total Blended Tax Rate for Reporting Purposes: $3.0055
The debt service fund is mandated to be used exclusively for the retirement of long-term debt from voter-approved bonds, such as Prop R, and that rate is also set by state statute. Lindbergh’s debt service levy remains unchanged at $ $0.8330 (unchanged).
The total assessed value of property in Lindbergh for 2023 is $1,933,208,800. The operating revenue generated, based on a 98% collection rate, is $56,500,000.