 |
YELLOW SHEET Office of the State Auditor of Missouri |
March 31, 2004
Report No. 2004-25
The following report contains information on taxing authorities in St. Louis County.
State
law requires the Missouri State Auditor to annually check all taxing
jurisdictions throughout Missouri as to their compliance with the tax
limitation provisions of state law including the Hancock Amendment.�
As
a follow up to the Review of 2003 Property Tax Rates, we reviewed the impact of
House Bill No. 1150, Second Regular Session, 91st General Assembly after its
first year of implementation.
The objective of this review was to analyze the impact of the first year of implementation of HB1150 in St. Louis County.� The total revenue allowed by HB1150 for the 268 levies affected in St. Louis County was $1,273,044,631 and is substantially the same amount of revenue as allowed under the prior method.� HB1150 appears to have had a limited overall impact on total property tax revenues but shifted $12.8 million of taxes from residential property tax payers to commercial, agricultural, and personal property tax payers.
