The tax rate for the St. Louis Community College district will be increased per $100 assessed valuation in accordance with the statutory provisions regarding tax rate settings. The STLCC Board of Trustees Sept. 21 voted to revise the tax rate for 2010 from 21.36 cents per $100 assessed valuation to 21.79 cents.
The tax rate is based on the assessed valuation of property in the community college district, which includes St. Louis City and County and portions of Franklin and Jefferson counties. The revised rate was calculated on the Missouri State Auditor's worksheet calculator to assure compliance with the Hancock Amendment, which mandates that the college cannot raise the tax rate higher than 22 cents without voter approval. The college is allowed only to increase its property tax revenues by the lowest of actual growth, the rate of inflation, or 5 percent.
Information received from the St. Louis County collector of revenue, the St. Louis City assessor, and the county clerks of both Franklin and Jefferson counties indicates that the assessed values decreased by 0.82 percent, from approximately $28.06 billion last year to about $27.83 billion for 2010. The 21.79 cent property tax rate will generate nearly $62.8 million for the college, up from $62.1 million last year. For a taxpayer with no change in appraised/assessed property value, the individual's tax bill will increase $0.82 per $100,000 of appraised value. Taxpayers who have reduced appraisals/assessments will not experience as great an increase.
The revised tax rate of 21.79 cents will be certified by the State Auditor's office subject to the Oct. 1, 2010, notification deadline.
Established in 1962, St. Louis Community College is the largest community college district in Missouri and one of the largest in the United States. STLCC has four campuses - Florissant Valley, Forest Park, Meramec and Wildwood - that annually serve more than 100,000 students through credit courses, continuing education and workforce development programs. For more information about STLCC, visit www.stlcc.edu. |
