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Property Values

Saturday, June 18, 2011

St. Louis County Property Assessments Down

Homeowners who would like to appeal a higher assessment may do so to the St. Louis County Board of Equalization through July 11.

Overall, the value of residential, commercial and agricultural property in St. Louis County this year is down compared to 2009 estimates, County Assessor Jake Zimmerman said. However, he was not able to provide specific numbers because the assessments are still preliminary. By law, final assessments are due by July 1. “The amount of the decrease varies dramatically depending on the area,” he said. “For example, in some North County areas, we’ve seen values decrease by as much as 10 percent, while in the central corridor, values have only gone down by maybe 2 percent.” He said the value of property can change drastically, even within a subdivision. He explained that the county uses mass appraisals and statistical information to determine …

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