City Earnings Tax....

[STL Aviator]

The 2007 city property tax rate is 6.4849% on assessed value, which represents 19% of the market value of the property. That's 1.23% of market value. This is a rollback from the 2006 rate of 6.9903%.

Assessor's Office

[Bobster]

I was curious about the property taxes that people paid in St. Louis City, St. Louis County and St. Charles County, so I looked up properties that had sold within the last year for $200,000 in each area and picked 3 properties at random from each.

St. Louis City averaged $2024.00

St. Louis County averaged $2679

St. Charles County averaged $2423

Not scientific by any means, but it would indicated that the city actually has lower taxes. Who'd of thunk?;-)

[TGS]

Originally Posted by Bobster

I was curious about the property taxes that people paid in St. Louis City, St. Louis County and St. Charles County, so I looked up properties that had sold within the last year for $200,000 in each area and picked 3 properties at random from each.

St. Louis City averaged $2024.00

St. Louis County averaged $2679

St. Charles County averaged $2423

Not scientific by any means, but it would indicated that the city actually has lower taxes. Who'd of thunk?;-)

When I look at houses similar to mine in Kirkwood, Webster, or University City (the areas with the most comparable housing stock), they are always much more expensive, sometimes by over $200,000, and also have much larger tax bills. You can get a lot more house for the money in the city if you are looking at the historic brick homes. By the time I pay the earnings tax on top of the real estate tax, I am still way ahead by living in the city.

The only way it turns into a loss for me to live in the city is the fact that the public school options are not very good. Since I would probably choose a private school for my children no matter where I lived, it isn't a big deal.

[mjtinmemphis]

There seems to be alot of mis-informed people in the suburban areas of St. Louis. When relocating to a new city it is important to not go on what people say but what the facts are.