Assessment is the process of placing value on a property for the purpose of property taxation. Reassessment is an update of all real property assessments in the City, conducted by the Assessor to equalize values among taxpayers and to adjust values to current market conditions.
Reassessed values of real estate are placed on the tax rolls by the Assessor every odd-numbered year (2003, 2005, etc.). Personal property is assessed every year.
It is important to note the distinctions in responsibility for property taxation:
1) Recorder of Deeds: records title to real estate; 2) Assessor: maintains current value and basic information about real and personal property; 3) Collector of Revenue: issues tax bills for both real and personal property.
If you have a question about how to pay your taxes, contact the Collector of Revenue. If you have a question about the assessed value of your property or to updated your mailing address for tax bills, contact the Assessor. If you need to add or remove names from the property, contact the Recorder of Deeds.
The Board of Equalization works with the Assessor to hear citizen appeals about their property assessment, but only in the month or two after reassessment notices are mailed out. Typically, this is in April or May of odd-numbered years.
Programs such as the "Circuit Breaker" and the "Homestead Tax Credit" offer ways to offset your property tax burden if you are over the age of 65 and meet certain income qualifications, through tax credits on your Missouri State Income Tax. For more information, contact the St. Louis Area Agency on Aging.