St. Louis County Residential Real Estate Tax Assessment Set Aside on Appeal

On April 27, 2011, the Missouri State Tax Commission set aside the 2009-2010 assessed value on 18 Clerbrook Lane, a single-family residential property located in Ladue, Missouri.  St. Louis County set the true value for the real estate on January 1, 2009 at $520,000 (which equates to an assessed value of $98,800).  The Complainant and Respondent (St. Louis County Assessor) offered competing appraisals, both utilizing sales comparison (market) methodology.  The State Tax Commission’s hearing officer found both appraisals credible and utilized all sales comparables in arriving at $501,400 as the true value of the property and setting aside the St. Louis County Board of Equalization’s decision.

Case Reference:  Smith v. Zimmerman, Tax Appeal 09-14457

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