Quote:
Originally Posted by QuantumIguana
It is interesting that the article says "The tax increase would raise property tax on a $450,000 house $51.30 a year." What is interesting about that is that such a house is well over the average valuation for houses in Saint Louis County.
http://www.city-data.com/county/St._...County-MO.html |
Yeah, it also doesn't make any sense mathematically. A 6c/$100 valuation would nominally lead to an increase of $270 on a $450k house. Of course there are typically property tax exemptions for homeowners that somewhat reduce the taxable value of the house - I think where I live there's a $45,000 exemption. But these numbers suggest that the assessed value would be something like 20% of the actual value. Which seems way off.