St. Louis County, Missouri Plane Owners Face Property Tax Assessment Scrutiny

The St. Louis Post Dispatch reports that newly elected St. Louis County Assessor Jake Zimmerman believes there is “substantial noncompliance” with property tax obligations by owners of planes kept in St. Louis County at Creve Coeur Airport in Maryland Heights, Missouri and Spirit of St. Louis Airport in Chesterfield, Missouri.  Property taxes were collected on only 400 of the approximately 700 planes kept in the County last year.  Zimmerman states that the County is studying aerial photographs for better estimates.

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St. Louis County Residential Real Estate Tax Assessment Reversed on Appeal

The Missouri State Tax Commission set aside a St. Louis County Assessor’s residential real estate tax assessment on appeal reducing the fair market (appraised) value of the subject property from $728,700 ($138,460.00 assessed value) to $675,000 ($128,250.00 assessed value).  The property owner appealed on grounds of overvaluation and discrimination, after the St. Louis County Board of Equalization affirmed the St. Louis County Assessor’s real estate assessment on the subject residential property.

Case Reference: Johnson v. Brooks, Tax Appeal 09-10300

The content of this post does not constitute legal advice and is for informational purposes only.  You should not act upon the information presented on this website without seeking the advice of legal counsel.  Should you wish to speak to an experienced commercial and residential real estate tax appeals attorney, please feel free to contact me directly. You may also view more information concerning my legal services and background.

St. Louis County, Missouri 2011-2012 Real Estate Property Assessment Tax Appeals

St. Louis County, Missouri real estate 2011 reassessments are due in the mail this month.  Given that the residential, commercial and agricultural real estate market has not improved and that, despite such facts, assessed values are likely to increase, real estate tax appeals are very likely to be significantly higher this year than in past years (and justifiably so), which means a busy next six-twelve months for the St. Louis County Board of Equalization and Missouri State Tax Commission.

July 11, 2011 is the deadline for filing your property assessment appeal forms with the Saint Louis County, Missouri Board of Equalization.  An attorney is highly recommended for real estate assessment appeals.

The content on this post does not constitute legal advice and is for informational purposes only.  You should not act upon the information presented on this website without seeking the advice of legal counsel.  Should you wish to speak to an experienced commercial and residential real estate tax appeals attorney, please feel free to contact me directly. You may also view more information concerning my legal services and background.

 

Greene County, Missouri Assessor Says Real Estate Tax Assessments Increasing

On April 13, 2011, Greene County, Missouri Assessor Rick Kessinger announced that his office had completed  2011 real estate reassessments, as required by Missouri law.  The office indicated that most Greene County residential, commercial and agricultural property owners would be receiving such reassessments in the mail this month and that the assessed values for most real estate in Greene County had increased.  In a press release, Kessinger emphasized that such increases are not indicative of a better real estate market:

We’re not raising assessments above market value.  We’re just bringing them up to market value . . . If we assessed low two years ago, the law says we have to bring it up to current market value.”

The Greene County, Missouri Assessor’s office emphasized that residential, commercial and agricultural real estate owners may contest their properties’ assessed values by scheduling an informal meeting with the Assessor’s office and,  by the third Monday in June, appealing the same to the Greene County Board of Equalization.  If the real estate tax appeal before the Greene County, Missouri Board of Equalization is unsuccessful, the property owner may appeal to the Missouri State Tax Commission.

Kessinger’s justification for increased assessed values is odd, at best.  It all but admits Greene County’s methodologies for calculating assessed values during the 2009-1010 real estate reassessment cycle were incorrect thus calling into question the methodology for the current reassessment cycle.  I would imagine that Greene County, Missouri real estate tax appeals will be significantly higher this year than in past years.

The content on this post does not constitute legal advice and is for informational purposes only.  You should not act upon the information presented on this website without seeking the advice of legal counsel.  Should you wish to speak to an experienced commercial and residential real estate tax appeals attorney, please feel free to contact me directly. You may also view more information concerning my legal services and background.

Missouri State Tax Commission Sets Aside Jefferson County Real Estate Tax Assessment

On March 16, 2011, the Missouri State Tax Commission (“STC”) set aside a Jefferson County, Missouri Assessor’s 2009 and 2010 commercial real estate tax assessment.  The subject property, assessed at $3,111,200.00–the equivalent of a true value of $9,741,300.00–was described by the STC as:

a retail center located off Gravois Rd., High Ridge, Missouri.  There are three retail buildings with parking on 8.56 acres.  There is a 59,263 square foot grocery store, 12,536 square foot multi-tenant building, and a 5,058 square foot stand alone building – a total of 76,857 square feet of rentable area.  All buildings are masonry block buildings with steel beams and joists on concrete floors and are in good condition.  There is an additional 1.42 acres of undeveloped land.  The improvements were built in 2003-4 and sold in 2005 for $13,200,000.  At the time of the sale, the site contained 11.23 acres.  The site is now 9.98 acres due to a dedication of a road right-of-way to Jefferson County.

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