How And Why To Appeal St. Louis-Area Property Assessments

[Sherman A1]

If you own a home or business in St. Louis or St. Louis County, you may have received a letter about your property's value going up.

Residential property values on average went up 12% in the city and 15% in the county, according to assessors’ preliminary calculations.

That’s mostly good news, said St. Louis Assessor Michael Dauphin. Increasing property values mean that real estate investments are worth more. But for some, they could also mean higher tax bills.

If you don’t think you could sell your property at its new appraised value, you might want to reach out to your local assessor’s office. They will re-evaluate their assessment based on a number of factors and may change their final decision.

https://news.stlpublicradio.org/post/how-and-why-appeal-st-louis-area-property-assessments

[SWBTATTReg]

1. Thanks for posting. Mine went up too. But, the real estate market in STLMO has been ...

pretty hot over the last several years at a minimum and whole sections of the inner city has been significantly changed, a good thing, but it does change the real estate equation, making affordable homes more difficult to find. In Tower Grove Park, there are an insane number of dumpsters (for deposed of rehab materials). This neighborhood has increased in property values by at least 10 times over what they were 30 years ago.

Even the Dutch Town neighborhood is seeing interest peak. And what's more, I'm not seeing very many homes for sale, I am guessing people are staying put (where would they go at a comparable price equivalent home?

Take care!

[Sherman A1]

2. Mine did as well.

And the 25%ish increase I thought a bit excessive.

[SWBTATTReg]

3. In a two year period, yes, really (reassessments done every 2 years)...I'd say so, perhaps you'll...

contest, it does seem excessive. Take care.