What does this mean in dollars for Hancock Place taxpayers?
The taxpayer who owns a home with the value of $125,000 will see a net decrease over the previous year of approximately $44.60 in taxes. This assumes the valuation remains unchanged. Here is the calculation:
2020: $125,000 x 19% x 0.033822 = $803.27 Hancock Place taxes for 2020
2021: $125,000 x 19% x 0.031944 = $758.67 Hancock Place taxes for 2021
However, most individuals will see some increase in the assessed valuation of their property. The calculator on this webpage will help you determine what the change to your taxes will be for 2021.
What else is included in my tax bill?
It is important to remember your tax bill includes taxes to a number of other taxing authorities (i.e. Special School District, Fire District, libraries, sewer, the Zoo). Hancock Place is just one of several taxing authorities. Although Hancock Place is setting a lower tax rate (by 8.29 cents), as described above, your overall tax bill is also affected by all taxing authorities and your new valuation.
Why does Hancock Place set only one tax rate that includes residential, commercial and personal property?
State law requires districts wholly located within St. Louis County to report separate levies by class (e.g. residential, commercial, and agricultural) of property and a blended rate.
What is the residential tax rate history for Hancock Place School District?
2012-2013
|
$3.2267
|
2013-2014
|
$3.6678
|
2014-2015
|
$3.7437
|
2015-2016
|
$4.3000
|
2016-2017
|
$4.3000
|
2017-2018
|
$4.1214
|
2018-2019
|
$4.1129
|
2019-2020
|
$3.3736
|
2020-2021 |
$3.3822
|
|
|
2021-2022 |
$3.1944
|