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Lindbergh Board Approves Lowest Possible Residential Tax Rate for 2024
Oct. 3, 2024
The Lindbergh Schools Board of Education voted on Sept. 17 to approve a 2024 estimated blended tax rate that includes the lowest possible residential tax rate in the state of Missouri.
Lindbergh’s blended tax rate will not exceed $3.0154 per $100 of assessed valuation for 2024. This is a slight increase from the 2023 blended tax rate, which was $3.0055.
Setting Tax Rates
Missouri’s Hancock Amendment limits a district’s collection of revenue to the lesser of either the property value increases or the rate of inflation. This year is a non-reassessment year, which means property owners do not receive updated assessed values for their homes and businesses.
Lindbergh Schools’ residential tax rate is as low as state law will allow, at $2.75 per $100 assessed valuation.
2024 Lindbergh Schools Tax Rates
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2024 Operating Tax Rates
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Residential Real Estate: $2.7500 (no change)
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Agricultural Real Estate: $3.1422 (increase of $0.0006)
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Commercial Real Estate: $3.3907 (decrease of $0.294)
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Personal Property: $3.6944 (no change)
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2024 Debt Service Levy: $0.8330 (no change)
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Total Blended Tax Rate: $3.0154 (increase of $0.0099)
St. Louis County districts are required to calculate a single blended rate of the above rates, which is only used to compare Lindbergh with other school districts. The blended operating rate of $3.0154 is an increase of $0.0145 from the 2023-24 school year.
Debt Service
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. This rate is also set by state statute. Lindbergh’s debt service levy remains unchanged at $0.8330.
The total assessed value of property in Lindbergh for 2024 is $1,938,845,110; and the revenue generated for the district, based on 95.5% collection, is $71.5 million.